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Analyst Tracker/Raj Ray
BMO
Raj Ray
Wall Street Analyst
★★☆☆☆
#2588
on 13Foresight · ranked by our own returns
34%
Success Rate
+8.9%
Average Return
14 of 41 calls profitable · +2.9% vs benchmark
S&P 500 (SPY)
📈 Across the calls we could measure, roughly 34% of Raj Ray's ratings turned a profit when each position was held for 1 year — averaging +8.9% per rating. These figures are computed by 13Foresight from historical prices, not supplied by the analyst.

Rating Distribution

40 Buy 25 Hold 0 Sell
Raj's Stock Coverage 33 ratings · 2026-07-19
Company Date Position Consensus Price Target 1-Yr Return
SBSW
Sibanye Stillwater
Jul 14, 2026 HOLD Strong Buy
+87.2% avg upside
7 analysts
$12.00
50.10% Upside
-6.7%
GB:THS
Tharisa
Jul 14, 2026 BUY Strong Buy
+43.3% avg upside
3 analysts
$150.00
31.51% Upside
+0.4%
TSE:NEO
Neo Performance Materials Inc
Jul 13, 2026 BUY Strong Buy
-7.0% avg upside
7 analysts
$60.00
51.23% Upside
-6.6%
MP
MP Materials
Jul 09, 2026 BUY Strong Buy
+46.1% avg upside
21 analysts
$75.00
65.80% Upside
-12.5%
GB:GMET
Golden Metal Resources Plc
Jun 30, 2026 BUY Strong Buy
+115.0% avg upside
3 analysts
$325.00
124.21% Upside
-37.1%
TSE:NG
Novagold Resources New
Jun 26, 2026 BUY Buy
+130.1% avg upside
13 analysts
$24.00
229.58% Upside
-16.8%
TSE:DPM
DPM Metals
Jun 23, 2026 BUY Strong Buy
-10.6% avg upside
19 analysts
$62.00
31.97% Upside
-1.5%
TSE:PMET
PMET Resources Inc
Jun 11, 2026 BUY Strong Buy
+144.8% avg upside
8 analysts
$10.00
130.34% Upside
-24.4%
TSE:NOU
Nouveau Monde Mining
May 20, 2026 BUY Strong Buy
+235.7% avg upside
6 analysts
$5.00
155.02% Upside
-26.3%
AU:ELV
Elevra Lithium
May 18, 2026 BUY Strong Buy
+55.0% avg upside
7 analysts
$15.00
79.20% Upside
-22.7%
TSE:MAU
Montage Gold Corp.
May 18, 2026 BUY Strong Buy
-6.8% avg upside
7 analysts
$22.00
44.70% Upside
+6.6%
TSE:GAU
Galiano Gold
May 15, 2026 HOLD Buy
+73.1% avg upside
6 analysts
$4.50
84.45% Upside
-22.4%
TSE:LUC
Lucara Diamond
May 11, 2026 HOLD Buy
+354.6% avg upside
2 analysts
$0.30
81.88% Upside
-27.3%
TSE:FL
Frontier Lithium
May 01, 2026 HOLD Strong Buy
+442.7% avg upside
6 analysts
$0.75
83.00% Upside
-32.8%
AU
Anglogold Ashanti PLC
Apr 22, 2026 BUY Buy
+46.0% avg upside
11 analysts
$120.00
56.33% Upside
-22.1%
HMY
Harmony Gold Mining
Mar 13, 2026 HOLD Buy
+15.4% avg upside
4 analysts
$24.00
63.82% Upside
-1.3%
GB:PDL
Petra Diamonds
Feb 26, 2026 HOLD Hold
+567.2% avg upside
4 analysts
$15.00
119.39% Upside
-61.9%
ELVR
Sayona Mining Limited Unsponsored ADR
Jan 29, 2026 BUY Strong Buy
1 analyst
+16.9%
TSE:EDV
Endeavour Mining
Jan 29, 2026 BUY Strong Buy
+27.3% avg upside
18 analysts
$100.00
54.59% Upside
-19.3%
TSE:SLI
Standard Lithium Ltd
Jan 27, 2026 BUY Strong Buy
+141.1% avg upside
10 analysts
$14.05
340.45% Upside
-59.4%
TSE:CG
Centerra Gold
Jan 20, 2026 BUY Strong Buy
+2.7% avg upside
20 analysts
$32.00
51.23% Upside
-13.8%
GFI
Gold Fields
Nov 17, 2025 HOLD Hold
+40.4% avg upside
13 analysts
$44.00
37.48% Upside
-16.2%
TSE:NEXT
NextSource Materials Inc
Aug 06, 2025 HOLD Buy
+212.5% avg upside
4 analysts
-38.3%
TSE:LTH
Lithium Ionic Corp
Aug 06, 2025 BUY Strong Buy
+275.0% avg upside
4 analysts
$1.25
78.57% Upside
+6.1%
GB:PAF
Pan African Resources
Feb 13, 2025 BUY Strong Buy
-1.5% avg upside
3 analysts
$55.00
38.89% Downside
+312.0%
TSE:BRVO
Bravo Mining Corp.
Jan 28, 2025 BUY Strong Buy
+173.3% avg upside
3 analysts
$5.50
119.98% Upside
+124.3%
AU:PDI
Predictive Discovery Limited
May 16, 2024 BUY Strong Buy
+23.0% avg upside
3 analysts
$0.45
26.16% Downside
+94.9%
AU:L1G
Platinum Asset Management Ltd
Aug 20, 2021 BUY Hold
+225.3% avg upside
2 analysts
$5.00
350.54% Upside
·
TSE:WDO
Wesdome Gold Mines
Sep 30, 2019 BUY Buy
-2.2% avg upside
15 analysts
$8.00
68.35% Downside
+110.5%
TSE:OLA
Orla Mining
Sep 09, 2019 BUY Strong Buy
+116.1% avg upside
13 analysts
$2.35
80.62% Downside
+257.9%
TSE:TLG
Troilus Gold Corp
May 08, 2019 BUY Strong Buy
+74.7% avg upside
7 analysts
$1.75
14.33% Upside
+89.8%
TSE:OGC
OceanaGold
Mar 11, 2019 BUY Strong Buy
-1.0% avg upside
24 analysts
$5.50
82.56% Downside
-54.9%
TSE:FPC
Falco Resources
Jun 18, 2018 BUY Strong Buy
+236.9% avg upside
4 analysts
$2.11
384.48% Upside
-56.9%
🔒 28 more ratings — with price targets, crowd consensus and our measured returns.
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Raj Ray — Frequently Asked Questions
How accurate are Raj Ray's stock ratings?
Based on the calls 13Foresight could measure, about 37% of Raj's ratings were profitable over a one-year hold, with an average return of +9.0% per rating, or +3.0% versus the S&P 500. We score every analyst the same way, from historical prices. Each return is measured in the stock's own trading currency, so for non-US listings the S&P 500 comparison leaves out currency moves.
How is Raj ranked on 13Foresight?
Raj Ray is currently ranked #2588 with a 2-star rating. Our rank blends hit rate, average return versus the market, and how many calls we have to judge — so a long, consistent record outweighs a few lucky picks. It is our own calculation, updated daily.
Which stocks does Raj cover?
Raj most recently has ratings on SBSW, GB:THS, TSE:NEO, MP, GB:GMET, TSE:NG, TSE:DPM, TSE:PMET, TSE:NOU, AU:ELV, TSE:MAU, TSE:GAU and 21 more. See the full coverage table above for positions, price targets and our measured returns.
Where can I see other analyst ratings?
Browse the full analyst leaderboard to compare Wall Street analysts ranked by their measured performance, success rate and average return.

Disclaimer: 13Foresight compiles analyst ratings and price targets from publicly available sources. Performance metrics, rankings and star ratings shown here are calculated independently by 13Foresight from historical market prices and may differ from figures published elsewhere. This information may be incomplete, delayed or inaccurate, is provided for research and informational purposes only, and is not investment advice. The underlying ratings and opinions are those of the respective analysts and their firms; 13Foresight accepts no liability for any decisions made based on this data.