Erdene Resource Development Corporation trades with the ticker ERD on the TSX and is in the Other Industrial Metals & Mining industry.
Overview
Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. Its principal projects are the Bayan Khundii Gold project and the Altan Nar Gold-Polymetallic project located in southwest Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.
Looking to invest in Erdene Resource Development Corporation? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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ERD.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $134.382MM
PE Ratio:
Price: 0.39 (Updated: 3/12/2024 0:47:16)
Erdene Resource Development Corporation (ERD) vs Competitors in Other Industrial Metals & Mining
Lets see how ERD.TO stacks up against others in the Other Industrial Metals & Mining asset management industry. We have identified its main peers as:Almonty Industries Inc, Altius Minerals Corporation, Aquila Resources Inc, Ascendant Resources Inc, Auryn Resources Inc
.Other Industrial Metals & Mining Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Almonty Industries Inc (AII) | $142.672 | N/A | -183.262 | N/A% |
| Altius Minerals Corporation (ALS) | $888.413 | 49.658 | 16.638 | 1.7% |
| Aquila Resources Inc (AQA) | $28.861 | N/A | 0.0 | 0.0% |
| Ascendant Resources Inc (ASND) | $12.396 | 0.75 | 3.873 | N/A% |
| Auryn Resources Inc (AUG) | $347.59 | N/A | 0.0 | 0.0% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Other Industrial Metals & Mining
- Erdene Resource Development Corporation (ERD) vs Almonty Industries Inc (AII)
- ERD has higher EPS (-0.01 vs -0.04). AII and ERD both have P/E’s under 0.
- Erdene Resource Development Corporation (ERD) vs Altius Minerals Corporation (ALS)
- ALS has higher EPS (0.38 vs -0.01). ALS provides dividends, while ERD does not. ERD has a P/E under 0, indicating ALS (P/E 49.658) is in a better position.
- Erdene Resource Development Corporation (ERD) vs Aquila Resources Inc (AQA)
- ERD has higher EPS (-0.01 vs -0.024). AQA provides dividends, while ERD does not. AQA and ERD both have P/E’s under 0.
- Erdene Resource Development Corporation (ERD) vs Ascendant Resources Inc (ASND)
- ASND has higher EPS (0.08 vs -0.01). ERD has a P/E under 0, indicating ASND (P/E 0.75) is in a better position.
- Erdene Resource Development Corporation (ERD) vs Auryn Resources Inc (AUG)
- ERD has higher EPS (-0.01 vs -0.185). AUG provides dividends, while ERD does not. AUG and ERD both have P/E’s under 0.
Our Recommendation: Hold
Features a lower EV/EBITDA ratio (-24.27) than the industry average (-18.74), indicating attractive valuation.
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