Cormark Brokers Cut Earnings Estimates for Superior Gold Inc (SGI)
Superior Gold Inc (CVE:SGI) – Analysts at Cormark dropped their Q3 2018 earnings estimates for Superior Gold in a report released on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.05.
Superior Gold (CVE:SGI) last announced its quarterly earnings data on Tuesday, August 21st. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.04). Superior Gold had a return on equity of 16.65% and a net margin of 8.73%. The firm had revenue of C$43.40 million during the quarter.
Superior Gold Company Profile
Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold Mine that is located approximately 800km north east of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc December 2016.
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