Raymond James Issues Optimistic Forecast for Rio2 Earnings

Rio2 Limited (CVE:RIO) – Equities researchers at Raymond James raised their FY2025 EPS estimates for Rio2 in a research note issued to investors on Tuesday, October 29th. Raymond James analyst C. Stanley now expects that the company will earn $0.00 per share for the year, up from their previous estimate of ($0.03). The consensus estimate for Rio2’s current full-year earnings is ($0.03) per share.

Rio2 Price Performance

CVE:RIO opened at C$0.69 on Friday. Rio2 has a one year low of C$0.16 and a one year high of C$0.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.10 and a current ratio of 24.96. The firm has a market cap of C$219.83 million, a price-to-earnings ratio of -17.25 and a beta of 2.36. The firm’s fifty day moving average is C$0.63 and its two-hundred day moving average is C$0.56.

Rio2 (CVE:RIO) last posted its quarterly earnings results on Thursday, August 29th. The company reported C($0.01) EPS for the quarter.

About Rio2

Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. It holds a 100% in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.