Cormark Analysts Raise Earnings Estimates for Superior Gold Inc (CVE:SGI)

Superior Gold Inc (CVE:SGI) – Cormark upped their FY2020 earnings per share (EPS) estimates for shares of Superior Gold in a research note issued on Thursday, July 11th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.13 for the year, up from their previous forecast of $0.09.

Superior Gold (CVE:SGI) last announced its earnings results on Tuesday, May 14th. The company reported C($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.03) by C($0.01). The business had revenue of C$39.10 million for the quarter.

SGI has been the subject of a number of other reports. TD Securities cut shares of Superior Gold from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$1.15 to C$0.80 in a research note on Thursday, March 21st. BMO Capital Markets reduced their price objective on shares of Superior Gold from C$2.00 to C$1.50 in a research note on Wednesday, May 15th. Finally, Pi Financial increased their price objective on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a research note on Monday, March 25th.

Shares of CVE SGI opened at C$0.82 on Friday. The stock has a fifty day moving average price of C$0.69. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 20.27. The stock has a market capitalization of $69.83 million and a PE ratio of -7.45. Superior Gold has a 1 year low of C$0.44 and a 1 year high of C$1.36.

Superior Gold Company Profile

Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold Mine that is located approximately 800km north east of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc December 2016.

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Earnings History and Estimates for Superior Gold (CVE:SGI)

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