Hut 8 Mining Corp. (TSE:HUT – Get 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.
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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