Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Dreadnought Resources Ltd is an Australian company primarily focused on the exploration and development of mineral properties throughout Australia. Established in 2006 and headquartered in Osborne Park, the company seeks a wide range of valuable resources, including copper, nickel, gold, silver, cobalt, platinum group elements, rare earth elements, iron ore, and various base metals. Its core projects include the extensive Tarraji-Yampi site, a roughly 1,400 square kilometer area in West Kimberley known for its copper, silver, gold, and cobalt deposits; the Mangaroon project, which targets nickel, copper, platinum group elements, rare earth elements, and gold; and the Central Yilgarn project. The company operated under the name Tychean Resources Limited until it was rebranded as Dreadnought Resources Ltd in February 2019.
Company Valuation
From both historical and forecast perspectives, the stock is moderately underpriced compared to similar stocks.
Target Price
The average target price of DRE.AX is 0.02 and suggests 42.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in