Anaconda Mining Inc. to Post FY2022 Earnings of $0.00 Per Share, Raymond James Forecasts (TSE:ANX)

Anaconda Mining Inc. (TSE:ANX – Get Rating) – Research analysts at Raymond James decreased their FY2022 earnings per share (EPS) estimates for Anaconda Mining in a report issued on Tuesday, May 10th. Raymond James analyst C. Stanley now forecasts that the company will post earnings of $0.00 per share for the year, down from their prior estimate of $0.01. Raymond James has a “Strong-Buy” rating and a $1.30 price objective on the stock.

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

ANX stock opened at C$0.52 on Thursday. The stock has a market cap of C$94.18 million and a price-to-earnings ratio of -12.68. The business’s 50-day moving average is C$0.67 and its 200 day moving average is C$0.68. Anaconda Mining has a 12-month low of C$0.46 and a 12-month high of C$1.05. The company has a current ratio of 1.09, a quick ratio of 0.69 and a debt-to-equity ratio of 2.26.

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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