Cormark Has Optimistic Outlook of Geodrill FY2024 Earnings

Geodrill Limited (TSE:GEO) – Research analysts at Cormark boosted their FY2024 earnings estimates for Geodrill in a research report issued to clients and investors on Tuesday, November 12th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.32 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 Price Performance

GEO stock opened at C$2.73 on Thursday. The firm has a market cap of C$128.75 million, a price-to-earnings ratio of 34.13, a PEG ratio of 0.04 and a beta of 0.86. 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 company’s fifty day simple moving average is C$2.69 and its 200 day simple moving average is C$2.44. Geodrill has a 12-month low of C$1.52 and a 12-month high of C$2.95.

Insider Activity

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

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.