Geodrill Ltd (TSE:GEO) – Stock analysts at Cormark cut their FY2017 earnings per share estimates for shares of Geodrill in a research report issued to clients and investors on Thursday. Cormark analyst M. Macdougall now expects that the brokerage will post earnings of $0.21 per share for the year, down from their previous estimate of $0.22.

A number of other equities analysts have also recently commented on GEO. Paradigm Capital reissued a “buy” rating and issued a C$4.25 price objective on shares of Geodrill in a research note on Thursday, September 22nd. TD Securities lifted their price objective on shares of Geodrill from C$2.75 to C$3.25 and gave the stock a “buy” rating in a research note on Wednesday, November 16th.

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Geodrill (TSE:GEO) traded down 2.08% during trading on Friday, reaching $2.35. 3,500 shares of the company were exchanged. The company’s 50-day moving average price is $2.41 and its 200-day moving average price is $2.18. The stock has a market capitalization of $100.29 million and a P/E ratio of 19.26. Geodrill has a 1-year low of $0.52 and a 1-year high of $2.56.

COPYRIGHT VIOLATION WARNING: This article was reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The original version of this article can be accessed at http://www.dailypolitical.com/2017/01/13/cormark-brokers-cut-earnings-estimates-for-geodrill-ltd-geo.html.

Geodrill Company Profile

Geodrill Limited is a drilling company. The Company is engaged in the provision of exploration and development drilling services to mining companies with exploration, development and production operations in West Africa and the African Copperbelt. The Company’s segments include Ghana and Outside Ghana.

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