Analysts Predict Upside for SPDR S&P Global Natural Resources ETF

Analysts see a 15.75% upside for the SPDR S&P Global Natural Resources ETF (GNR) based on recent trading prices. With notable upward targets for holdings like CNQ, EQNR, and PBR, investor sentiment could shift positively, affecting stock prices.

Date: 03-02-2025

AI Rating: 7

Target Price and Upside Potential
According to the report, analysts have set an implied target price of $60.41 for the SPDR S&P Global Natural Resources ETF (GNR), translating to a potential upside of 15.75% from its recent trading price of $52.19. This positive outlook reflects general optimism among analysts regarding the ETF's future performance.

Individual Holdings Analysis
Focusing on GNR’s underlying holdings, notable upside estimations for the following companies have been highlighted:

Canadian Natural Resources Ltd (CNQ) - Recent share price is at $30.35, with an average target price of $39.82 implying a significant upside of 31.19%
Equinor ASA (EQNR) - Trading at $23.99, the average target price stands at $29.52, showing a potential increase of 23.05%
Petroleo Brasileiro SA (PBR) - With a current price of $14.21, PBR's target price of $16.79 suggests an 18.14% rise.

These expected increases in share prices may enhance investor confidence, potentially leading to increased demand for these stocks. However, as noted in the report, such high price targets can lead to adjustments if analysts are found to be overly optimistic.

Investor Considerations
The mention of potential upside suggests that investor sentiment could shift positively, particularly if these companies can meet their target prices. High analyst confidence may also drive market interest towards GNR and its underlying companies.

Stocks: GNR CNQ EQNR PBR