Current Trends in Junior Resource Stocks: Michael Ballanger discusses the junior resource sector, highlighting that despite record high prices for gold and copper, trading volumes on the TSX Venture Exchange remain low due to various factors including competition from tech stocks and a challenging Canadian economic environment. He emphasizes the importance of being positioned in quality junior companies as capital movement into this space is expected to increase.
Highlighted Companies: Ballanger provides insights on several companies, such as Getchell Gold and Fitzroy Minerals, noting their potential for growth based on their resources and projects. He suggests that these companies could benefit significantly from upcoming drilling results and market conditions, making them attractive investment opportunities.
Wall Street analysts forecast GLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLD 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
Wall Street analysts forecast GLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLD 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.
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0 Sell
Current: 443.600
Low
Averages
High
Current: 443.600
Low
Averages
High
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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.
