IGE ETF Implied Analyst Target Price at $52.62, 15.29% Upside from Recent Price

The iShares North American Natural Resources ETF (IGE) has an implied analyst target price of $52.62, with a recent price of $45.64. This suggests 15.29% upside potential. Three underlying holdings with notable upside to their analyst target prices are Alamos Gold Inc (AGI), Cenovus Energy Inc (CVE), and O-I Glass Inc (OI).

Analysts have reiterated their Buy ratings on several key holdings within the iShares North American Natural Resources ETF (IGE), suggesting significant upside potential for investors. The ETF, which has an implied analyst target price of $52.62 with a recent price of $45.64, offers a 15.29% upside potential [1].

One of the notable holdings is Alamos Gold Inc. (AGI), which has seen RBC Capital maintain a Buy rating with a price target of $34. The company posted record Q2 FY2025 results, including record revenue of $438 million and a 10% increase in total gold production to 137,000 ounces. Michael Siperco from RBC Capital remains optimistic about Alamos Gold’s prospects, citing an all-in sustaining cost reduction of 18% compared to Q1 and the potential for the Island Gold District to become one of the largest, low-cost, and most profitable gold mines in Canada [2].

Another significant holding is Cenovus Energy Inc. (CVE), which has received a Buy rating from TD Cowen analyst Menno Hulshof with a price target of C$27.00. The company's shares opened today at $14.83, and the overall analyst consensus is a Moderate Buy rating with an average price target of $18.51, suggesting a 24.81% upside from current levels [3].

O-I Glass Inc. (OI) is also highlighted for its potential upside. While specific analyst ratings or price targets for O-I Glass Inc. were not provided in the given sources, its inclusion in the ETF suggests that it could offer significant growth opportunities.

These analyst recommendations underscore the potential for growth in the natural resources sector, particularly within the iShares North American Natural Resources ETF. Investors should consider these holdings carefully, weighing the potential upside against the risks inherent in the sector.

References:
[1] https://sg.finance.yahoo.com/news/rbc-capital-reiterates-buy-rating-070347014.html
[2] https://finance.yahoo.com/news/rbc-capital-reiterates-buy-rating-070347014.html
[3] https://www.theglobeandmail.com/investing/markets/stocks/CVE-N/pressreleases/34157858/td-cowen-remains-a-buy-on-cenovus-energy-cve/