Erdene Resource Development Corporation (ERD.TO) Research

Headquartered in Dartmouth, Canada, Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of various precious and base mineral deposits across Mongolia. The company, which was incorporated in 2000 and changed its name from Erdene Gold Inc. in May 2008, primarily explores for metals such as copper, molybdenum, gold, silver, lead, and zinc. Its key assets include a wholly-owned 2,309-hectare Bayan Khundii Gold Project located in Mongolia's Bayankhongor province, and the Altan Nar Gold-Polymetallic project, also situated in the Bayankhongor Aimag. Additionally, Erdene holds five licenses in southwest Mongolia: three for mining and two for exploration.

Market snapshot

Symbol
ERD.TO
Price
$5.15
Day change
-3.38%
Market cap
$1.9B
P/E ratio
75.96x
52-week range
0.88-10.95
Sector
Basic Materials
Industry
Industrial Materials

Peer companies

  • Almonty Industries Inc. (AII.TO)
  • Champion Iron Limited (CIA.TO)
  • Endeavour Silver Corp. (EDR.TO)
  • Ero Copper Corp. (ERO.TO)
  • Foran Mining Corporation (FOM.TO)
  • Seabridge Gold Inc. (SEA.TO)
  • Skeena Resources Limited (SKE.TO)
  • Americas Gold and Silver Corporation (USA.TO)

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