Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Surge Copper Corp. is a Canadian company dedicated to identifying, exploring, and advancing mineral properties. Its primary focus is on uncovering deposits of copper, gold, silver, and molybdenum. The firm maintains complete ownership of the Ootsa property in central British Columbia, an area spanning 87,574.7 hectares across 138 mineral claims, alongside the Berg Property, also located in British Columbia. Additionally, Surge Copper receives a 2% net smelter return royalty from the Auro and Auro South properties, both situated within British Columbia. Originally incorporated in 1965, the company operated under the name Gold Reach Resources Ltd. until February 2018, when it adopted its current identity as Surge Copper Corp. It is headquartered in Vancouver, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.
Target Price
The average target price of SURG.V is 1.51 and suggests 243% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc