Geodrill Ltd (TSE:GEO) – Analysts at Beacon Securities dropped their FY2016 earnings estimates for Geodrill in a research report issued on Tuesday. Beacon Securities analyst A. Shaath now anticipates that the brokerage will post earnings per share of $0.21 for the year, down from their previous estimate of $0.22.

A number of other equities research analysts also recently commented on GEO. TD Securities raised shares of Geodrill from a “speculative buy” rating to a “buy” rating and lifted their target price for the stock from C$1.75 to C$2.75 in a research report on Tuesday, August 9th. Paradigm Capital reaffirmed a “buy” rating and issued a C$4.25 target price on shares of Geodrill in a research report on Thursday, September 22nd.

Geodrill (TSE:GEO) remained flat at $2.50 on Friday. 1,300 shares of the company’s stock were exchanged. The company has a market capitalization of $106.69 million and a PE ratio of 20.49. Geodrill has a 52-week low of $0.50 and a 52-week high of $2.56. The stock has a 50-day moving average of $2.42 and a 200 day moving average of $1.96.

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About Geodrill

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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