GMDC--RARE EARTH COMPANY
After completing the third wave, the stock has formed patterns A, B, C, D, and E in the fourth wave and now appears poised for the fifth wave, with a price target of 540-580. Fundamentally, the company is a strong bonus candidate and is unique in having allocated three mines for rare earth exploration. The company boasts a dividend yield of 2.77%, a book value of 192, and negligible debt.
Note
The company has a 74% promoter holding and has allocated a capital expenditure of 3000 crores for the enhancement of lignite mining and power generation. It also possesses renewable energy projects, including wind farms and solar power, which are expected to produce favorable outcomes in the future. Additionally, two new coal mines have been allotted to the company, which will require a capital expenditure of 5000 crores for their development over the next five years. The company's goal is to quadruple its net worth by the fiscal year 2027-28.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.