Cormark Has Pessimistic Outlook of CVE:SGM FY2024 Earnings

Sutter Gold Mining Inc (CVE:SGMFree Report) – Cormark reduced their FY2024 earnings per share (EPS) estimates for shares of Sutter Gold Mining in a research note issued on Tuesday, February 25th. Cormark analyst S. Gill now anticipates that the company will earn ($0.19) per share for the year, down from their prior estimate of ($0.16).

Sutter Gold Mining Price Performance

Shares of SGM stock opened at C$0.01 on Thursday. The stock has a market capitalization of C$1.25 million and a price-to-earnings ratio of -0.22. The company’s fifty day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01. Sutter Gold Mining has a 1 year low of C$0.01 and a 1 year high of C$0.03.

Sutter Gold Mining Company Profile

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Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California.

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