Brokers Offer Predictions for Geodrill Ltd’s FY2017 Earnings (GEO)
Geodrill Ltd (TSE:GEO) – Stock analysts at Beacon Securities lifted their FY2017 earnings per share (EPS) estimates for shares of Geodrill in a research report issued to clients and investors on Tuesday. Beacon Securities analyst A. Shaath now expects that the brokerage will post earnings of $0.27 per share for the year, up from their previous forecast of $0.18. Beacon Securities has a “Buy” rating on the stock.
GEO has been the subject of several other reports. Paradigm Capital reiterated a “buy” rating and issued a C$4.25 price target on shares of Geodrill in a research note on Thursday, September 22nd. TD Securities upgraded Geodrill from a “speculative buy” rating to a “buy” rating and boosted their price target for the company from C$1.75 to C$2.75 in a research note on Tuesday, August 9th.
Geodrill (TSE:GEO) remained flat at $2.50 on Wednesday. 27,450 shares of the stock were exchanged. The company has a market cap of $106.28 million and a P/E ratio of 59.52. The stock has a 50-day moving average of $2.41 and a 200 day moving average of $1.90. Geodrill has a 52 week low of $0.47 and a 52 week high of $2.56.
Geodrill Company Profile
Geodrill Limited is a drilling company. The Company is engaged in the provision of exploration and development drilling services to mining companies with exploration, development and production operations in West Africa and the African Copperbelt. The Company’s segments include Ghana and Outside Ghana.
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