Geodrill Ltd to Post FY2016 Earnings of $0.22 Per Share, Beacon Securities Forecasts (GEO)
Geodrill Ltd (TSE:GEO) – Research analysts at Beacon Securities raised their FY2016 earnings per share (EPS) estimates for shares of Geodrill in a research report issued on Tuesday. Beacon Securities analyst A. Shaath now forecasts that the firm will post earnings of $0.22 per share for the year, up from their previous forecast of $0.08. Beacon Securities currently has a “Buy” rating on the stock. Beacon Securities also issued estimates for Geodrill’s Q4 2016 earnings at $0.01 EPS.
GEO has been the subject of several other reports. TD Securities boosted their target price on Geodrill from C$2.75 to C$3.25 and gave the stock a “buy” rating in a research report on Wednesday. Paradigm Capital restated a “buy” rating and set a C$4.25 target price on shares of Geodrill in a research report on Thursday, September 22nd.
Geodrill (TSE:GEO) traded down 0.20% during trading on Thursday, reaching $2.50. The company’s stock had a trading volume of 600 shares. Geodrill has a 52-week low of $0.47 and a 52-week high of $2.56. The company has a market cap of $106.28 million and a PE ratio of 59.52. The stock has a 50-day moving average price of $2.41 and a 200 day moving average price of $1.90.
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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