Erdene’s November 4 report follows a quarter of gold sales, debt repayment and plans to move into higher-grade mining zones. But investors won’t have a consensus EPS estimate to compare results against.
Erdene Resource Development Corp. (TSX: ERD) is scheduled to report results for the quarter ended September 30 after the market closes on November 4, 2026. Analyst coverage is limited, with no upcoming EPS consensus or historical record of results versus estimates. This preview focuses on operating trends and company updates, not whether Erdene beats or misses expectations. Follow ERD.TO on the ERD stock page.
Recent earnings trend
Erdene Resource Development Corp
ERD.TO
ERD.TO
Erdene Resource Development Corp
WealthAwesomeMarket cap
$341.90M
P/E
21.8x
52W high
$10.20
52W low
$4.54
1W change
-6.80%
Beta
1.62
Analyst Price Targets
Based on analyst covering ERD · as of Sep 17, 2026
Wall Street analysts forecast ERD stock price to rise 186.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.50
+186.0% Upside
Current Price
C$5.07
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ERD's historical volatility
30-Day Vol
45.5%
Annualized
90-Day Vol
51.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$4.24
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$4.78 | C$4.08 – C$5.59 |
| 60 trading days | C$4.50 | C$3.61 – C$5.62 |
| 90 trading days | C$4.24 | C$3.23 – C$5.56 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: Low — no EPS consensus estimates are available for this name. Focus on reported EPS trends below rather than beat/miss framing.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 0.1457 | — | — |
| 2026-03-31 | 2026-05-06 | 0.0706 | — | — |
| 2025-12-31 | 2026-03-24 | 0.0516 | — | — |
| 2025-09-30 | 2025-11-13 | -0.0452 | — | — |
| 2025-06-30 | 2025-08-12 | -0.0113 | — | — |
| 2025-03-31 | 2025-05-08 | -0.0056 | — | — |
Investor takeaway: Investors will be watching to see whether Bayan Khundii’s production and sales build on Q2 levels, how the move into higher-grade zones affects operations, and what the company reports on revenue, costs, margins and debt. Without a consensus EPS estimate, the financial results and management’s operating update will be more useful than an estimate comparison.
11,853 ounces sold in Q3
Erdene reported Q3 gold sales of 11,853 ounces in an October 19 update. In Q2, the company produced and sold 11,709 ounces and reported US$53 million in gross revenue. The November report should show how Q3 sales translated into revenue, costs and profit.
Bull case
Bayan Khundii sold 11,853 ounces of gold in Q3, according to Erdene’s October 19 update. The company expects mining to move into higher-grade zones in Q4 and reported repaying another US$20 million of debt. Erdene’s Zuun Mod preliminary economic assessment also describes a long-life molybdenum-copper project, giving the company a development opportunity beyond gold.
Bear case
The operating update doesn’t provide the full financial picture. Investors still need details on costs, margins, cash flow and the balance sheet. Erdene shares recently closed at C$5.07, below their 50-day average of C$6.17 and 200-day average of C$6.48. Limited analyst coverage also means fewer independent estimates to help assess the results.
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