Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Meteoric Resources NL is an exploration firm actively identifying mineral deposits across Brazil, Canada, Western Australia, and the Northern Territory. Their search targets valuable commodities such as gold, copper, cobalt, diamonds, and silver. The company's diverse portfolio includes the Palm Springs gold project in Western Australia, covering approximately 12,500 hectares, as well as Brazil's Juruena project and the 15-square-kilometer Novo Astro gold project. Additionally, Meteoric holds the Warrego North IOCG project in the Northern Territory and has interests in the Mulligan, Mulligan East, Beauchamp, and Iron Mask projects situated in Ontario, Canada. Established in 2004, the company's operations are headquartered in West Perth, Australia.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is 'expensive' on EV/EBITDA.
Target Price
The average target price of MEI.AX is 0.44 and suggests 175% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc