The Math Shows XME Can Go To $35
March 06, 2017 at 08:22 AM EST
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 and Mining ETF (XME), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.05 per unit.