Cormark Comments on Geodrill Limited's FY2024 Earnings (TSE:GEO)

Geodrill Limited (TSE:GEO - Free Report) - Equities research analysts at Cormark cut their FY2024 earnings estimates for shares of Geodrill in a research report issued to clients and investors on Tuesday, May 14th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.21 for the year, down from their prior forecast of $0.23. The consensus estimate for Geodrill's current full-year earnings is $0.23 per share.

Separately, Beacon Securities raised shares of Geodrill from a "hold" rating to a "buy" rating and raised their target price for the company from C$1.90 to C$2.25 in a report on Tuesday, March 5th.

Geodrill Price Performance

Shares of GEO stock traded down C$0.02 on Wednesday, reaching C$2.27. The company's stock had a trading volume of 6,050 shares, compared to its average volume of 23,318. The stock's fifty day simple moving average is C$2.03 and its 200-day simple moving average is C$1.85. Geodrill has a 1 year low of C$1.52 and a 1 year high of C$3.30. The company has a current ratio of 2.38, a quick ratio of 1.56 and a debt-to-equity ratio of 11.48. The company has a market capitalization of C$106.51 million, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 0.04 and a beta of 0.90.

Geodrill (TSE:GEO - Get Free Report) last announced its quarterly earnings data on Monday, March 4th. The company reported C($0.04) earnings per share (EPS) for the quarter. Geodrill had a net margin of 2.99% and a return on equity of 3.47%. The company had revenue of C$40.93 million for the quarter.

About Geodrill

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.