PREDICTIVE DISCOVERY LIMITED (PDI)
Share Price Analysis and Chart

27/06/2024

1

Buy

$0.45

87.50%

It looks like the research whitelabeling agreement between Ord Minnett and Morningstar is being amended.

Today's update on the mining sector shows Predictive Discovery is now rated Buy, with a price target of $0.45.

10/10/2024

1

Speculative Buy

$0.50

108.33%

Canaccord Genuity highlights gold and gold equities have consistently outperformed during quantitative easing cycles, noting recent actions by central banks in the US, the ECB, Bank of Canada, and Swiss National Bank.

The broker lists other positives for the gold price including increasing ETF inflows, rising US debt levels, and escalation of geopolitical conflicts.

Canaccord's long-term US$ gold price forecast (from 2030) rises by 9% to US$2,963/oz and across 2024-29 estimates rise by 10% on average.

However, less than 50% of the 19 producers under research coverage by the broker will produce meaningful free cash flow in the September quarter, somewhat lessening the impact of record gold prices.

Target prices for developers and explorers researched by Canaccord increase by 3% on average.

In the broker's list of explorers/developers, the target for Predictive Discovery rises to 50c from 45c. The Speculative Buy rating is maintained.