Raging River Exploration Inc (TSE:RRX) – Cormark decreased their FY2016 earnings estimates for Raging River Exploration in a report issued on Wednesday. Cormark analyst G. Ursu now anticipates that the firm will post earnings per share of $0.06 for the year, down from their prior forecast of $0.07. Cormark also issued estimates for Raging River Exploration’s Q4 2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.08 EPS, Q2 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.34 EPS.

Earnings History and Estimates for Raging River Exploration (TSE:RRX)

A number of other brokerages have also commented on RRX. National Bank Financial reduced their price target on shares of Raging River Exploration from C$12.50 to C$12.00 in a research note on Wednesday, August 3rd. Scotiabank reiterated a “sector perform” rating and issued a C$12.00 price target on shares of Raging River Exploration in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of Raging River Exploration from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday, August 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$13.00 price target on shares of Raging River Exploration in a research note on Thursday, July 21st. Finally, TD Securities reissued a “buy” rating and issued a C$14.00 price objective on shares of Raging River Exploration in a report on Wednesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$12.64.

Shares of Raging River Exploration (TSE:RRX) opened at 10.16 on Friday. The company’s 50-day moving average is $10.89 and its 200-day moving average is $10.63. Raging River Exploration has a 12-month low of $7.17 and a 12-month high of $11.87. The company has a market cap of $2.34 billion and a price-to-earnings ratio of 236.28.

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