Q1 2022 EPS Estimates for Anaconda Mining Inc. Reduced by Raymond James (TSE:ANX)

Anaconda Mining Inc. (TSE:ANX – Get Rating) – Stock analysts at Raymond James cut their Q1 2022 earnings estimates for Anaconda Mining in a research note issued to investors on Monday, April 18th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of ($0.01) per share for the quarter, down from their prior estimate of $0.01. Raymond James has a “Strong-Buy” rating and a $1.30 price target on the stock. Raymond James also issued estimates for Anaconda Mining’s FY2022 earnings at $0.01 EPS and FY2023 earnings at $0.04 EPS.

Shares of ANX stock opened at C$0.67 on Wednesday. Anaconda Mining has a 1 year low of C$0.50 and a 1 year high of C$1.05. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.69 and a current ratio of 1.09. The company’s 50 day moving average is C$0.74. The stock has a market capitalization of C$120.81 million and a P/E ratio of -16.34.

Anaconda Mining (TSE:ANX – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$7.64 million during the quarter.

In other Anaconda Mining news, Director Jonathan W. Fitzgerald sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of C$0.80, for a total transaction of C$48,000.00. Following the sale, the director now directly owns 510,000 shares in the company, valued at C$408,000. Over the last 90 days, insiders have sold 126,000 shares of company stock worth $72,450.

About Anaconda Mining (Get Rating)

Anaconda Mining Inc operates as a gold mining, development, and exploration company in Canada. It holds a 100% interest in the Point Rousse project comprising 6 mining leases and 7 mineral licenses with a total of 5,552 hectares located in the Baie Verte Mining District, Newfoundland; and the Goldboro Gold project comprising 37 contiguous claims covering an area of 592 hectares situated to the northeast of Halifax, Nova Scotia.

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