The Math Shows XME Can Go To $50
August 02, 2021 at 08:14 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR— S&P— Metals & Mining ETF (XME), we found that the implied analyst target price for the ETF based upon its underlying holdings is $50.20 per unit.