FY2027 EPS Estimates for Comstock Lowered by Noble Financial

Comstock Inc. (NYSEAMERICAN:LODE) – Analysts at Noble Financial reduced their FY2027 earnings per share (EPS) estimates for Comstock in a research report issued to clients and investors on Wednesday, February 4th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $0.33 per share for the year, down from their previous forecast of $0.44. Noble Financial has a “Market Perform” rating on the stock. The consensus estimate for Comstock’s current full-year earnings is ($0.22) per share.

Comstock Price Performance

Shares of LODE opened at $2.37 on Thursday. The company has a market cap of $121.49 million, a price-to-earnings ratio of -1.98 and a beta of 1.66. Comstock has a twelve month low of $1.67 and a twelve month high of $4.80. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $3.64 and a two-hundred day moving average of $3.30.

Comstock (NYSEAMERICAN:LODE) last released its quarterly earnings results on Wednesday, October 29th. The company reported ($0.31) earnings per share for the quarter. The firm had revenue of $0.05 million during the quarter. Comstock had a negative net margin of 1,893.74% and a negative return on equity of 58.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. purchased a new stake in Comstock in the third quarter valued at about $4,104,000. Regal Partners Ltd acquired a new position in shares of Comstock during the third quarter valued at about $3,954,000. Vanguard Group Inc. raised its position in shares of Comstock by 90.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock valued at $7,290,000 after purchasing an additional 1,009,539 shares during the last quarter. Cable Car Capital LP acquired a new stake in Comstock in the 3rd quarter worth approximately $1,368,000. Finally, Sei Investments Co. purchased a new stake in Comstock during the 3rd quarter worth approximately $1,306,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

About Comstock

Comstock Mining, Inc (NYSE: LODE) is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.

In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.