EMR has enjoyed its shares more than tripling over the last 15-months, eclipsing the majority of gold producers in the process. The stock only entered the ASX200 last year if some subscribers aren’t familiar with the code. Its Cambodian commercial gold operation makes it one of the world’s highest-margin producers. The stock has recently corrected ~22% after its stellar run, but yesterday’s +5.4% bounce suggests value is back on offer below $2.75, and we like the stock into any further dips.
- We can see EMR breaking above $3.50 over the next year in line with our bullish outlook for the precious metal.
MM remains bullish towards EMR
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