Analysts Predict 11% Upside For IGE
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Analysis of ETF Holdings:
- ETF Channel compared trading prices of holdings against analyst target prices to calculate the weighted average implied analyst target price for iShares North American Natural Resources ETF (IGE).
- Implied Upside for IGE:
- Analysts see an 11.30% upside for IGE based on average analyst targets of its underlying holdings.
- Notable Holdings with Upside:
- Three holdings with significant upside potential are NovaGold Resources Inc., B2Gold Corp, and Uranium Energy Corp.
- Analyst Target Prices:
- Analysts expect NG, BTG, and UEC to reach target prices significantly higher than their recent trading prices.
- Investor Considerations:
- Questions arise about the justification of analyst targets, optimism, and the need for further investor research.
Analyst Views on IGE
Wall Street analysts forecast IGE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IGE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
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0 Sell
Current: 55.450
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Current: 55.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
