March 3rd, 2025 | 07:00 CET
50% upside potential or end of the rally? Nordex, Barrick Gold, and Golden Cariboo Resources
Analysts see 50% upside potential at Nordex. The wind turbine manufacturer is entering the new year with a strong base. The outlook for 2025 is convincing, and there could even be a surprise in terms of EBITDA. Perhaps there will even be a dividend soon? However, there are risks in the important US business. Gold is among the winners of the Trump era. As the scandal in the White House on Friday showed, the geopolitical situation remains unstable. Although the gold price has not managed to break through the USD 3,000 mark, the upward trend remains intact. The stock of Golden Cariboo Resources is still cheap. The security of the largely undiscovered gold pearl has just overcome a resistance, and promising drilling results have been obtained. Experts advise buying. And what is Barrick Gold doing? The struggling industry giant recently made positive headlines, but the stock is weakening.
time to read: 3 minutes
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Author:
Fabian Lorenz
ISIN:
NORDEX SE O.N. | DE000A0D6554 , BARRICK GOLD CORP. | CA0679011084 , GOLDEN CARIBOO RESOURCES LTD | CA3808134025
Table of contents:
"[...] We can make a big increase in value with little capital. [...]" David Mason, Managing Director, CEO, NewPeak Metals Ltd.
Author
Fabian Lorenz
For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.
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Golden Cariboo Resources: Stock on the rise and still cheap
A latecomer to the gold rally is Golden Cariboo Resources. The Canadian gold explorer is extremely interesting from a fundamental and chart perspective. The experts at streetwisereports.com even speak of a strong speculative buy. The share price has recently jumped due to operational news but is still trading at a low level.
Golden Cariboo Resources is focused on the Cariboo gold belt in the Canadian province of British Columbia. This is a world-class mining region. The Company's core project is the Quesnelle Gold Quartz Mine, which covers over 3,800 hectares. There is a multi-kilometer-long gold trend there that is divided into the "Main Zone", "Halo Zone", and "North Hixon Zone". The existence of significant gold deposits in the region is demonstrated by neighboring Osisko Development, which plans to begin production soon.
In recent weeks, Golden Cariboo has published numerous positive results from the 2024 drill program. Most recently, there was another high-grade find in the Halo Zone. Accordingly, drill hole QGQ24-20 returned 0.71 g/t gold and 6.96 g/t silver over a length of 341.96 meters. The gold mineralization began at a depth of just 20.12 meters. Golden Cariboo CEO Frank Callaghan spoke of "the end of a remarkable year". The drilling confirmed that the "Halo" zone is a significant discovery in the Cariboo gold district. Exciting for further exploration and potential mining: the area is only 4 km from a main road and a community in central British Columbia. An extensive drilling program is also planned for 2025.
This makes Golden Cariboo an exciting entry opportunity for investors. The capital market is just discovering the stock; trading volumes are picking up, and the news flow is positive.
Barrick Gold: Rally Over?
After Trump, tariffs, and the planned visit to Fort Knox by the US president and Elon Musk pushed up the price of gold, a consolidation set in at the end of last week. After failing to break through the USD 3,000 per ounce mark, the price of the precious metal fell by around USD 100. It is understandable and healthy that the price is regaining strength for a new push. The gold market has been overheating in recent weeks. However, the setback should be stopped above the USD 2,790 to USD 2,800 mark. Even a slide to USD 2,700 would not throw the bulls off course. Only below USD 2,700 would Bank of America's price target of USD 3,500 move into the far distance.
And what did investor favorite Barrick Gold do last week? The gold giant's stock also had to interrupt its rally and ended the week below USD 18.
Operationally, it was announced that Barrick Gold has commenced a diamond drilling program designed to test two distinct target areas at the Pueblo Grande project. The pre-feasibility study is expected to be completed by 2030, so this will not impact the current performance of Barrick's shares. The development in Mali is more exciting. Rumors have been circulating that Barrick and the government of the West African country are settling their dispute. An official confirmation would certainly boost Barrick's shares again.
Nordex: Forecast too conservative?
Nordex is back in the black. The wind turbine manufacturer achieved an EBITDA of EUR 296 million in 2024, compared to only EUR 2 million the previous year. Net profit climbed to EUR 9 million, compared to a loss of EUR 303 million in 2023. The figures were not particularly surprising. However, the positive outlook may have surprised one or two stock market players. Although a large proportion of the order backlog comes from the US, and development under the new Trump administration is anything but certain, Nordex aims to increase revenue from EUR 7.3 billion in the previous year to up to EUR 7.9 billion in 2025. The EBITDA margin is expected to be between 5% and 7%.
Analysts were optimistic. Jefferies raised the target price slightly from EUR 18 to EUR 19. The Nordex share is currently trading at EUR 13. Accordingly, the analysts advise buying. The wind turbine manufacturer is entering the new year with record cash and order books. Therefore, the experts consider the EBITDA forecast to be conservative. Should the positive development continue in the coming year, Nordex will be in a position to distribute a dividend.
Gold remains an exciting opportunity. Golden Cariboo Resources offers an exciting opportunity to jump on the gold train. If the new drilling program is similarly successful, significantly higher prices should be possible. Barrick seems to have bottomed out. The Nordex outlook is positive, but there are some question marks regarding its US business.
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