The iShares North American Natural Resources ETF (IGE) has an implied analyst target price of $51.09 per unit, showing a potential upside of 12.67% from its current trading price of $45.35. This target is based on a comparison of the ETF’s underlying holdings, which include Baytex Energy Corp (BTE), Teck Resources Ltd (TECK), and B2Gold Corp (BTG).
Current share prices and their corresponding analyst targets are as follows: BTE is trading at $2.12 with a target of $3.00 (41.46% upside), TECK at $38.49 with a target of $47.53 (23.48% upside), and BTG at $3.69 with a target of $4.30 (16.64% upside). Investors are encouraged to evaluate whether these targets are justified based on recent developments in the companies’ performances.
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares North American Natural Resources ETF | IGE | $45.35 | $51.09 | 12.67% |
| Baytex Energy Corp | BTE | $2.12 | $3.00 | 41.46% |
| Teck Resources Ltd | TECK | $38.49 | $47.53 | 23.48% |
| B2Gold Corp | BTG | $3.69 | $4.30 | 16.64% |
