Erdene Resource Development (ERD.TO) Buy,…

Erdene Resource Development (ERD.TO)

5.15

-0.18 (3.38%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

5 watching

DON'T BUY

Attracted to it, but doesn't own or recommend. He rates it a 5, which is neutral. Gold and copper in Mongolia. Data doesn't justify labeling findings as "massive" discoveries.

COMMENT

This now has a project in Mongolia which has epithermal veins, which he loves. When you do find them and they carry great grades, it can grow really fast. This has a 50 g/meter width quite prominent with something like 16% which gets him excited. Still very early stage.

TOP PICK

Small coal play. In pre-feasibility with feasibility study due in the next few weeks. Partnered with Xstrata (Cape Breton met coal property). Beneficial because of location where shipping costs will be cheaper. Also have a moly and copper play in Africa that is attractive Lots of cash and supported by NAV.

DON'T BUY

Unfortunately, it is in Mongolia and their parliament passed an excess profits tax which made it unattractive for investors.

BUY

They are active in several concessions in Mongolia. Any one of their projects could be a major mine. Should do well over the long term.

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Erdene Resource Development (ERD.TO) Frequently Asked Questions

What is Erdene Resource Development stock symbol?

Erdene Resource Development is a Canadian stock, trading under the symbol ERD.TO (previously ERD-T on Stockchase) on the Toronto Stock Exchange (ERD-CT). It is usually referred to as TSX:ERD or ERD.TO

Is Erdene Resource Development a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on ERD.TO (previously ERD-T on Stockchase) on Stockchase. Read the latest expert commentary for Erdene Resource Development.

Is Erdene Resource Development a good investment or a top pick?

Erdene Resource Development was recommended as a Top Pick by Robert Cohen B.A.Sc., MBA, CFA on 2006-01-11. Read the latest stock experts ratings for Erdene Resource Development.

Why is Erdene Resource Development stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Erdene Resource Development.

Is Erdene Resource Development worth watching?

Erdene Resource Development is covered by Stockchase experts and is worth watching.

What is Erdene Resource Development stock price?

On 2026-06-19, Erdene Resource Development (ERD.TO) stock closed at a price of $5.15.

Most Recent Experts

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The Weekly Buzzing Stocks by Billy Kawasaki

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David Burrows

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Jim Cramer - Mad Money

CNBC

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Erdene Resource Development (ERD.TO)