Jan. 11 at 3:31 PM
$B Across most online platforms, consensus forecasts for this company’s future earnings growth are materially understated. At current gold and copper prices, the stock is trading at a low double-digit price-to-earnings multiple. While the share price has appreciated approximately 200% over the past year, this move should be viewed as the early phase of the rerating, not its conclusion.
Valuation must be anchored in earnings power, earnings growth, and net income generation. On these metrics, the business is a clear cash-generation machine. A multiple in the range of 13–14x earnings appears reasonable and arguably conservative given the operating leverage to commodity prices.
Based on this framework, I expect the stock to trade in the
$60–
$80 range over the next 12 months.
More concise version (for forums or social platforms):
Market consensus significantly underestimates this company’s earnings growth. At current gold and copper prices, the stock trades at a low double-digit P/E.
