$CNMC Goldmine(5TP.SI)$ 1.80 Target Price, in times of global trade and geopolitical tensions.
CNMC Goldmine's stock outlook for 2026 looks promising, with analysts predicting a potential upside. The current price is S$1.08, and some analysts have set a target price of S$1.58, implying a 12-month upside of around 50%.
*Key Factors Influencing the Bullish Outlook:*
- Gold Price: The company's performance is closely tied to gold prices, which are expected to remain elevated due to central bank purchases, monetary easing, and geopolitical risks.
- Production Expansion: CNMC Goldmine's carbon-in-leach (CIL) plant expansion has increased daily processing capacity to 800 tonnes, supporting higher output potential.
- Earnings Growth: Analysts forecast strong earnings growth, with a 40% increase in Year-2025 PATMI to US$40.3 million.
*Analyst Recommendations:*
- Phillip Securities has a BUY rating with a target price of S$1.58.
- SAC Capital expects the share price to reach S$1.80 by Q2-2026.
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Be patience ๐