Q3 2020 Earnings Estimate for Superior Gold Inc Issued By Cormark (CVE:SGI)

Superior Gold Inc (CVE:SGI) – Analysts at Cormark upped their Q3 2020 EPS estimates for Superior Gold in a research note issued on Thursday, January 16th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.03. Cormark also issued estimates for Superior Gold’s Q4 2020 earnings at $0.04 EPS.

Superior Gold (CVE:SGI) last released its quarterly earnings data on Tuesday, November 19th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.02). The company had revenue of C$35.35 million for the quarter.

Separately, Pi Financial set a C$0.75 target price on shares of Superior Gold and gave the stock a “buy” rating in a report on Wednesday.

Shares of SGI stock remained flat at $C$0.70 on Friday. 64,400 shares of the company traded hands, compared to its average volume of 47,099. The company has a debt-to-equity ratio of 22.46, a current ratio of 0.92 and a quick ratio of 0.55. Superior Gold has a 1-year low of C$0.38 and a 1-year high of C$1.14. The firm’s fifty day moving average price is C$0.56 and its two-hundred day moving average price is C$0.69. The firm has a market cap of $64.98 million and a PE ratio of -4.38.

About Superior Gold

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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