Leagold Mining Corp (LMC) Forecasted to Earn FY2020 Earnings of $0.60 Per Share
Leagold Mining Corp (TSE:LMC) – Investment analysts at Clarus Securities reduced their FY2020 earnings per share estimates for shares of Leagold Mining in a research note issued on Monday, January 21st. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings per share of $0.60 for the year, down from their previous estimate of $0.70.
Several other equities analysts have also recently weighed in on LMC. Cormark raised their price target on shares of Leagold Mining from C$4.25 to C$4.60 in a research note on Friday, November 16th. GMP Securities reaffirmed a “buy” rating and set a C$3.50 price target on shares of Leagold Mining in a research note on Monday, November 26th. CIBC decreased their price target on shares of Leagold Mining from C$4.25 to C$3.50 in a research note on Friday, November 16th. Canaccord Genuity decreased their price target on shares of Leagold Mining from C$4.25 to C$3.50 in a research note on Thursday, October 18th. Finally, National Bank Financial cut shares of Leagold Mining from an “outperform spec overweight” rating to a “sector perform overweight” rating in a research note on Sunday, January 13th. Four equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$3.87.
Leagold Mining (TSE:LMC) last posted its earnings results on Wednesday, November 14th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The business had revenue of C$145.41 million for the quarter.
Leagold Mining Company Profile
Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. It holds interest in the Los Filos Mine located in Guerrero State, Mexico. The company was formerly known as HTI Ventures Corp. and changed its name to Leagold Mining Corporation in August 2016.
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