Ikkuma Resources Corp (CVE:IKM) – Beacon Securities reduced their Q2 2018 earnings per share (EPS) estimates for Ikkuma Resources in a research note issued on Monday, August 27th. Beacon Securities analyst K. Wilson now forecasts that the company will post earnings of ($0.07) per share for the quarter, down from their prior estimate of ($0.06). Beacon Securities also issued estimates for Ikkuma Resources’ Q4 2018 earnings at ($0.03) EPS and FY2019 earnings at ($0.18) EPS.

Ikkuma Resources (CVE:IKM) last posted its quarterly earnings results on Wednesday, May 30th. The company reported C($0.05) EPS for the quarter, topping the consensus estimate of C($0.09) by C$0.04. Ikkuma Resources had a negative return on equity of 10.10% and a negative net margin of 37.51%. The business had revenue of C$24.67 million for the quarter.

Separately, TD Securities lowered Ikkuma Resources from a “hold” rating to a “tender” rating and lifted their price target for the stock from C$0.45 to C$0.74 in a report on Monday.

CVE IKM opened at C$0.61 on Wednesday. Ikkuma Resources has a 52 week low of C$0.24 and a 52 week high of C$0.73.

About Ikkuma Resources

Ikkuma Resources Corp., an oil and natural gas company, engages in the exploration and development of oil and gas resources in Western Canada. Its oil and gas properties are located in the foothills of Alberta and British Columbia. The company was formerly known as PanTerra Resource Corp. and changed its name to Ikkuma Resources Corp.

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