DA Davidson Research Analysts Boost Earnings Estimates for Hut 8 Mining Corp. (TSE:HUT)

Hut 8 Mining Corp. (TSE:HUTGet Rating) – Investment analysts at DA Davidson boosted their Q1 2022 earnings per share estimates for Hut 8 Mining in a research note issued on Tuesday, April 19th. DA Davidson analyst C. Brendler now anticipates that the company will earn $0.11 per share for the quarter, up from their previous estimate of $0.05. DA Davidson also issued estimates for Hut 8 Mining’s FY2022 earnings at $0.68 EPS.

Separately, Stifel Nicolaus began coverage on shares of Hut 8 Mining in a report on Thursday, March 24th. They issued a “buy” rating and a C$11.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$15.50.

HUT stock opened at C$5.41 on Thursday. The company has a debt-to-equity ratio of 7.19, a quick ratio of 5.40 and a current ratio of 17.96. Hut 8 Mining has a 52 week low of C$3.91 and a 52 week high of C$20.61. The firm’s fifty day moving average is C$6.99 and its 200 day moving average is C$10.48. The firm has a market cap of C$927.56 million and a P/E ratio of -9.98.

About Hut 8 Mining (Get Rating)

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.

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