Shares with up to 200% Upside! Barrick Mining, RENK, and Dryden Gold

200% candidate Dryden Gold: Strong results

Analysts believe Dryden Gold's stock has the potential to rise by around 200%. The experts at Couloir Capital put the fair value of the gold explorer at CAD 0.65. The stock closed at CAD 0.21 on Friday. Dryden Gold has properties in a prolific gold belt. Analysts believe that the chances of attractive returns should increase further as the drilling program progresses.

And that is exactly what Dryden Gold does: drill and deliver good results. Last week, another success story arrived. The Canadians reported several high-grade gold discoveries and new visible gold deposits in the Elora Gold System. Drill hole DGR-25-011 returned 5.36 g/t gold over 5 meters, including 12.70 g/t gold over 1.90 meters. Drill hole DGR-25-012 returned an even higher grade of 15.30 g/t gold over 1.45 meters near surface. Drill hole DGR-25-005 even defined a second high-grade gold structure in the Pearl section with 2.20 g/t gold over 5.90 meters. The results are part of the 15,000-meter drill campaign.

Trey Wasser, CEO of Dryden Gold, commented: "We are very pleased with our continued drilling success at the Gold Rock target area. The Elora Gold System continues to grow as new target opportunities emerge from the multiple superimposed high-grade structures. The new results at Pearl are very encouraging as they appear to show an extension of the system with broad, well-spaced structures at lower grades that contain additional high-grade targets. We are now beginning to define a much larger gold system at Gold Rock and look forward to testing the expansion targets throughout the Gold Rock Camp."

Dryden Gold holds a 70,250-hectare property in the Dryden Gold Belt in the province of Ontario, Canada. Gold Rock is the Company's flagship project. The latest results confirm that this is a high-grade deposit. A few weeks ago, gold occurrences were reported in two structures visible to the naked eye on surface.

Barrick Mining: 100% possible?

Can Barrick Mining's share price rise by 50%? The experts at Forbes certainly believe the commodities giant is capable of such a performance. In an aggressive bull market for gold, the stock could even double in value. Given the global environment, which is characterized by so much uncertainty, this is not so unlikely.

For the 50% price increase scenario, the price of gold would need to rise to USD 4,000 per ounce. Barrick would then generate over USD 18 billion in revenue. That would be enough to justify the rise in the share price. There are several reasons why the gold price could reach this level, including geopolitical tensions, inflation, currency crises, or increased purchases by central banks. In such an environment, Dryden Gold is likely to outperform Barrick shares once again.

RENK: Caution on August 13

Analysts went full throttle again last week at RENK. There were many bullish comments in the run-up to the quarterly report. RENK is set to report its figures on August 13, and analysts expect momentum in revenue and order intake. After all, the gearbox specialist's stock has gained an incredible 280% in the current year. This means that the Company is now valued at around EUR 7 billion. To put this into perspective, the Company generated EUR 1.14 billion in revenue in 2024. Therefore, a significant amount of future growth is already factored into the price.

However, this is not stopping analysts from raising their price targets further. For example, Berenberg raised its price target for the transmission specialist from EUR 72 to EUR 84 last week. The share is currently trading at around EUR 70. Analysts expect the next price driver to be revealed in the upcoming quarterly report. This makes them among the optimists. According to marketscreener.com, the average analyst price target for RENK is currently EUR 69.25. Of 11 analysts, only 1 recommends selling the shares. His price target is EUR 52.

The RENK share is one of the high flyers of the year. Like the entire defense sector, the Company is benefiting from the super cycle. However, this also raises expectations for the upcoming figures. There could also be a super cycle for gold. There are numerous reasons for this. However, even at the current gold price, explorer stocks such as Dryden are likely to continue gaining. In any case, the drilling results to date are positive and show that the tripling predicted by analysts is realistic. Barrick Mining remains a core investment. Investors should bear in mind that the Company now also has massive exposure to copper.