Cormark Has Optimistic Outlook of Geodrill FY2024 Earnings

Geodrill Limited (TSE:GEO) – Analysts at Cormark upped their FY2024 earnings per share estimates for shares of Geodrill in a research report issued on Tuesday, November 12th. Cormark analyst N. Dion now forecasts that the company will earn $0.32 per share for the year, up from their prior forecast of $0.26. The consensus estimate for Geodrill’s current full-year earnings is $0.31 per share. Cormark also issued estimates for Geodrill’s FY2025 earnings at $0.35 EPS.

Geodrill (TSE:GEO) last announced its earnings results on Monday, August 12th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$56.34 million during the quarter. Geodrill had a return on equity of 2.27% and a net margin of 2.02%.

Geodrill Stock Up 3.0 %

Shares of TSE:GEO opened at C$2.73 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35. The firm has a market cap of C$128.75 million, a P/E ratio of 34.13, a P/E/G ratio of 0.04 and a beta of 0.86. Geodrill has a 12 month low of C$1.52 and a 12 month high of C$2.95. The company’s 50-day moving average price is C$2.68 and its two-hundred day moving average price is C$2.43.

Insider Activity

In other Geodrill news, insider Sustainable Capital Ltd sold 173,200 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$2.90, for a total transaction of C$502,591.76. 41.12% of the stock is owned by insiders.

Geodrill Company Profile

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.