Cormark Equities Analysts Reduce Earnings Estimates for Superior Gold Inc. (CVE:SGI)

Superior Gold Inc. (CVE:SGI – Get Rating) – Analysts at Cormark lowered their FY2023 earnings per share (EPS) estimates for shares of Superior Gold in a research report issued to clients and investors on Wednesday, April 20th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.16 for the year, down from their previous forecast of $0.17.

Separately, Laurentian increased their price objective on Superior Gold from C$1.00 to C$1.50 in a research report on Wednesday, March 9th.

Shares of SGI stock opened at C$1.02 on Friday. The company has a debt-to-equity ratio of 26.69, a quick ratio of 0.98 and a current ratio of 1.41. Superior Gold has a 52-week low of C$0.45 and a 52-week high of C$1.20. The company has a market capitalization of C$125.19 million and a PE ratio of 10.10. The business’s fifty day moving average is C$0.93 and its 200 day moving average is C$0.78.

Superior Gold Company Profile (Get Rating)

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 northeast of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc in December 2016.

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