Bedford Metals (CVE: BFM) Stock Price Prediction from 2024 to 2045, Complete Analysis

Bedford Metals, a publicly traded company which is listed on the Canadian Venture Exchange (CVE) that’s involved in the mining sector. Currently, the company has three main projects under its hand, namely the Margurete gold project which is about 200 kilometers away from Vancouver, the Hewitt Point Project, and the Enid Project.

According to the information available online, the company was founded on 24 May 2006. It was listed in the same year on 12th December 2006. Today we have made the post to let our readers know about Bedford Metals (CVE: BFM) Stock Price Prediction for the years starting from 2024 – 2045.

Bedford Metals (CVE: BFM) Stock Price Prediction 2024 – 2045

Based on the research done by our analysts, we have compiled a table that contains the probable stock price of Bedford Metals (CVE: BFM) by year-end from 2024 – 2030, 2035, 2040, and 2045.

Bedford Metals (CVE: BFM) Stock Price Prediction 2024

The stock is currently trading at the market price of 1.99 CAD. Our analyst’s analysis says that by the end of 2024 the stock should touch the price of 2.04 CAD.

Bedford Metals (CVE: BFM) Stock Price Prediction 2025

The average price of the stock of Bedford Metals (CVE: BFM) for 2025 will be CAD 2.096, with a high forecast of CAD 2.137, and a lower forecast of CAD 2.056.

Bedford Metals (CVE: BFM) Stock Price Prediction 2026

The average price of the stock of Bedford Metals (CVE: BFM) for 2026 will be CAD 2.187, with a high forecast of CAD 2.229, and a lower forecast of CAD 2.145.

Bedford Metals (CVE: BFM) Stock Price Prediction 2027

The average price of the stock of Bedford Metals (CVE: BFM) for 2027 will be CAD 2.281, with a high forecast of CAD 2.325, and a lower forecast of CAD 2.237.

Bedford Metals (CVE: BFM) Stock Price Prediction 2028

The average price of the stock of Bedford Metals (CVE: BFM) for 2028 will be CAD 2.379, with a high forecast of CAD 2.425, and a lower forecast of CAD 2.333.

Bedford Metals (CVE: BFM) Stock Price Prediction 2029

The average price of the stock of Bedford Metals (CVE: BFM) for 2029 will be CAD 2.481, with a high forecast of CAD 2.529, and a lower forecast of CAD 2.433.

Bedford Metals (CVE: BFM) Stock Price Prediction 2030

The average price of the stock of Bedford Metals (CVE: BFM) for 2030 will be CAD 2.588, with a high forecast of CAD 2.638, and a lower forecast of CAD 2.538.

Bedford Metals (CVE: BFM) Stock Price Prediction 2035

The average price of the stock of Bedford Metals (CVE: BFM) for 2035 will be CAD 3.194, with a high forecast of CAD 3.256, and a lower forecast of CAD 3.133.

Bedford Metals (CVE: BFM) Stock Price Prediction 2040

The average price of the stock of Bedford Metals (CVE: BFM) for 2040 will be CAD 3.942, with a high forecast of CAD 4.019, and a lower forecast of CAD 3.867.

Bedford Metals (CVE: BFM) Stock Price Prediction 2045

The average price of the stock of Bedford Metals (CVE: BFM) for 2045 will be CAD 4.866, with a high forecast of CAD 4.960, and a lower forecast of CAD 4.773.

Historical pricing of shares of Bedford Metals (CVE: BFM) Stock:

Now, let us read how the stock has performed in the last 10 years. We have a vivid description of the stock price for the years from 2014 – 2023.

Bedford Metals (CVE: BFM) Stock Price in 2014:

On 2nd January 2014, the shares of Bedford Metals (CVE: BFM) started trading at the value of 2.18 CAD for that year. In the first month, the stock price grew about 39%. then the stock price again rose in February and in March but from the month of May, it fell. The stock went on a downtrend finally closing at the value of 1.09 CAD in December.

Bedford Metals (CVE: BFM) Stock Price in 2015:

2015 wasn’t that year for the stop in which it ran downhill, instead in 2015 the stock caught a good up trend. After starting its journey at the price of 1.09 CAD in January the stock price burst 233% alone in April. Then the stock again went into an uptrend with its closing price of 2.39 CAD in December 2015.

Bedford Metals (CVE: BFM) Stock Price in 2016

In 2016 the stock experienced both upward and downward movements, there were fluctuations in the stock price all through the year, and overall the stock underwent a mixed performance. The stock opening price for 2016 was 2.18 CAD, it touched a high of 4.77 CID in April and closed at the cost of 0.82 CAD in December.

Bedford Metals (CVE: BFM) Stock Price in 2017:

After some huge fluctuations in the stock pricing throughout 2016, the stock was in a sideways trend throughout 2017. The stock touched its strong support multiple times and even went under the support level. In the last month of 2017 also, the stock was under its support level as it closed at the value of 0.500 CAD.

Bedford Metals (CVE: BFM) Stock Price in 2018:

Though in the initial months of the year 2018, the stock was a sideways trend, from September 2018 the stock gained a very strong bullish trade. In just a few months from September to December the stock climbed above 200%, finally ending the year at the price of 2.05 CAD.

Bedford Metals (CVE: BFM) Stock Price in 2019:

If we have to choose one word to describe the performance of the stock for the first three months it would be none but “excellent”, cause in the first three months, the stock price shot more than 200%.In January alone the stock climbed 111% with it opening at 2.05 CAD and closing at 4.32 CAD. The stock’s closing price for the year 2019 was 0.52 CAD.

Bedford Metals (CVE: BFM) Stock Price in 2020:

In the year 2020, the stock ran into a sideways trend which has been continuing for the next 2 years. The opening and closing price of the stock in the year 2020 was 0.52 CAD and 0.365 CAD respectively.

Bedford Metals (CVE: BFM) Stock Price in 2021:

The stock opened at the price of 0.340 CAD and closed at the price of 0.190 CAD.

Bedford Metals (CVE: BFM) Stock Price in 2022

On 4th January 2022 the stock opened at the value of 0.175 CAD and closed at the value of 0.075 CAD.

Bedford Metals (CVE: BFM) Stock Price in 2023:

For 2023, the opening price was 0.075 CAD and the closing price was 0.495 CAD.

Technical analysis of Bedford Metals (CVE: BFM):

Chart analysis:

From August of last year, a strong upward trend has started for the stock. Bad words on which the stock price climbed more than or close to 50%. the upgrade has consolidated a bit in the last 3 months and without any Momentum in the near future, the uptrend is not likely to continue as is.

Indicators:

On a daily timeframe, the exponential moving average stands at 2.04, the Simple moving average stands at 2.03 and the Relative strength index stands at 43.29.

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Fundamental analysis of Bedford Metals (CVE: BFM):

Finance overview:

The company has a market cap of 104.08 million Canadian dollars. The company has also a debt of 478.9k Canadian dollars. A positive thing about the debt is that the figures are decreasing year by year from 2021 -to 2023.

As of the financial report for June end of 2023, the company had a cash asset of 88 thousand 461 CAD which was at CAD 106,987 in March 2023. For June 2023, the company has a liability of 21557 CAD.

Performance:

As of date, Bedford Metals (CVE: BFM) isn’t making any revenue. The net income is also negative with the figures at minus 577.42 K CAD for last year.

Disclaimer

The stock price figures shared in this post are illustrative and not financial advice. We recommend every individual to always seek advice from a financial professional and conduct their own research before investing.

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Hilda J. Condit

 

Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.

Over the years, I have had the privilege of working closely with the TSX, gaining valuable insights and building strong relationships with a diverse range of clients across Canada. My career has been dedicated to providing tailored investment advice and helping individuals and institutions navigate the complexities of the stock market.

In launching PredictTorontoStocks, my goal is to share my knowledge and offer precise stock price predictions to empower investors in making informed decisions. Drawing on my extensive experience and analytical skills, I am committed to delivering accurate forecasts and valuable insights that can help you achieve your investment goals.

Thank you for joining me on this journey. I look forward to contributing to your success in the dynamic world of Toronto stocks.