Geodrill Ltd (TSE:GEO) – Analysts at Cormark lowered their FY2017 earnings per share (EPS) estimates for shares of Geodrill in a note issued to 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 prior estimate of $0.22.

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Several other equities analysts also recently issued reports on the company. TD Securities boosted their price objective on Geodrill from C$2.75 to C$3.25 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Paradigm Capital reiterated a “buy” rating and set a C$4.25 price objective on shares of Geodrill in a research report on Thursday, September 22nd.

Shares of Geodrill (TSE:GEO) traded down 2.08% during midday trading on Friday, reaching $2.35. The company’s stock had a trading volume of 3,600 shares. The stock’s 50 day moving average is $2.41 and its 200 day moving average is $2.18. The stock has a market capitalization of $100.29 million and a PE ratio of 19.26. Geodrill has a 12 month low of $0.52 and a 12 month high of $2.56.

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About Geodrill

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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