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October 28th, 2022 | 12:54 CEST

BioNTech, Nel ASA and Desert Gold - Ripe for uptrend?

  • Mining
  • Gold
  • Hydrogen
  • Biotechnology
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The profit warning at ITM Power sent shockwaves throughout the hydrogen sector. Does this mean that the friendly development of the Nel share of the past few days has already ended? Analysts see little potential, at least at present, but are optimistic for the long term. Goldman Sachs is also optimistic about the gold price. At least the chances for a rise to over USD 2,000 are better than for a renewed decline. Producers like Barrick Gold should profit from this, and explorers like Desert Gold even disproportionately. At BioNTech, there is currently no impetus for an upward trend, and analysts' price targets diverge considerably. However, rumors from the US are encouraging.

time to read: 3 minutes | Author: Fabian Lorenz
ISIN: BIONTECH SE SPON. ADRS 1 | US09075V1026 , NEL ASA NK-_20 | NO0010081235 , DESERT GOLD VENTURES | CA25039N4084

Table of contents:

    Desert Gold: Exciting explorer for less than CAD 10 million

    The gold chart gives investors hope. The strong US dollar and rising interest rates are priced in now. In addition, there is hope that we are not far from the top on both. With a view to an impending recession, interest rates could even fall again in the coming year. And the stock market likes to anticipate the future. Accordingly, the current double bottom could be at USD 1,615. Thus, Goldman Sachs sees a significantly greater chance of gold rising above USD 2,000. Even if interest rates continue to rise significantly, they still see gold at USD 1,500.

    This should also mean that the worst is over for mining stocks like Barrick Gold. Those who want to "leverage" the gold price more strongly are turning to explorers such as Desert Gold. The share has lost 35% of its value in the past six months and is now trading at just CAD 0.065. Although operationally, everything is going according to plan. Nevertheless, the Canadians are now valued at less than CAD 10 million. Desert Gold owns one of the largest non-producing land areas in West Africa with the 440 sq km SMSZ project. Barrick Gold, Allied Gold, Endeavour Mining and B2Gold, among others, are already producing in the neighborhood. The Desert Gold project includes measured and indicated mineral resources of nearly 1.1 million ounces. Samples from the Mogoyafara South projection area have recovered between 86% and 88% of the gold from the rock. The next drill program is expected to delineate resources in the Mogoyafara South and Gourbassi West North areas. It is here that the Company expects to find the largest gold deposits. Anyone curious should watch the board presentation from the IIF virtual investor conference (here).

    Nel: ITM Power shocks investors

    Shareholders of hydrogen companies also need strong nerves at the moment. Yesterday, ITM Power again caused shock waves throughout the industry with a profit warning. ITM reported a series of manufacturing problems and delays in tool production and test runs. Accordingly, the share price plummeted by a good 30% yesterday. Nel also lost significantly at first but was able to limit the losses to less than 2% at the close of trading. However, this means the upward trend of the past few days has come to an end for the time being. Despite weak quarterly figures and negative analyst comments, the shares of the Norwegian company were able to gain recently. Investors are clinging to the high order backlog - this does not apply to analysts. Although the high order backlog makes hope for the year 2024 in the view of JPMorgan, for the current and next year, the sales expectations have been scaled back for the time being. Accordingly, JPMorgan rates the Nel share as "Underweight" with a price target of NOK 10. Currently, the share is trading just above NOK 12.

    BioNTech: USD 183 or USD 312? Analysts disagree

    The BioNTech share currently needs more big impulses. The stock has been trading in a range between EUR 120 and EUR 160 for months. According to Berenberg, significantly higher prices could be possible. Although there is still uncertainty as to how the revenues from the Corona vaccine could continue in the coming year, there is an interesting development in the US. BioNTech partner Pfizer has indicated that it will quadruple the price of the Corona vaccine in the US. This could serve as a model for Europe and would enable BioNTech to generate decent revenues even for smaller quantities. Looking at the development pipeline, the analysts remain positive in the long term. Therefore, Berenberg recommends BioNTech shares as a buy and states a price target of USD 312. JPMorgan is considerably more cautious. The analysts of the US bank have reduced the price target from USD 183 to USD 132. In their view, there is great uncertainty in the sales forecast for the coming years. Only with further progress in the immuno-oncology pipeline does the share have above-average development potential again.

    BioNTech is simply lacking momentum at the moment. There is almost only bad operating news coming out of the hydrogen sector at present. The bright long-term prospects for Nel & Co. can only help to a limited extent. The worst could be over for gold. After the double bottom, the bulls are taking courage again. Desert Gold could profit disproportionately from this. Thus, the share seems anything but expensive.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    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.

    About the author

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