FY2022 EPS Estimates for Geodrill Limited (TSE:GEO) Boosted by Cormark

Geodrill Limited (TSE:GEOGet Rating) – Investment analysts at Cormark lifted their FY2022 earnings per share estimates for shares of Geodrill in a research report issued on Tuesday, May 10th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.48 for the year, up from their previous forecast of $0.37. Cormark also issued estimates for Geodrill’s FY2023 earnings at $0.50 EPS.

Geodrill (TSE:GEOGet Rating) last released its earnings results on Monday, March 7th. The company reported C$0.08 earnings per share for the quarter. The company had revenue of C$33.53 million during the quarter.

Separately, TD Securities increased their target price on Geodrill from C$3.75 to C$4.25 and gave the stock a “buy” rating in a report on Tuesday, March 8th.

Shares of Geodrill stock opened at C$2.19 on Wednesday. The business has a 50-day moving average price of C$2.61 and a 200 day moving average price of C$2.39. Geodrill has a fifty-two week low of C$1.90 and a fifty-two week high of C$2.99. The firm has a market cap of C$99.24 million and a P/E ratio of 5.46. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 8.70.

The business also recently announced a Semi-Annual dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 18th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 17th. This is a positive change from Geodrill’s previous Semi-Annual dividend of $0.01. This represents a dividend yield of 1.12%. Geodrill’s dividend payout ratio is 3.95%.

About Geodrill (Get Rating)

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

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