Erdene Resource Development (TSE:ERD – Free Report) had its price target increased by Paradigm Capital from C$11.00 to C$14.40 in a research report released on Tuesday,BayStreet.CA reports. They currently have a speculative buy rating on the stock.
Erdene Resource Development Trading Down 3.2%
TSE ERD opened at C$8.86 on Tuesday. Erdene Resource Development has a 12 month low of C$3.48 and a 12 month high of C$10.95. The stock has a market cap of C$546.05 million, a price-to-earnings ratio of -44.30 and a beta of 1.57. The company’s 50 day moving average is C$8.24 and its two-hundred day moving average is C$6.39.
Erdene Resource Development (TSE:ERD – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.05 earnings per share (EPS) for the quarter.
Erdene Resource Development Company Profile
Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company’s project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China’s border in Mongolia’s Bayankhongor Province.
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