Scotiabank Has Bearish Forecast for TSE:MNO FY2026 Earnings

Meridian Mining UK Societas (TSE:MNO) – Equities researchers at Scotiabank reduced their FY2026 earnings per share estimates for Meridian Mining UK Societas in a research note issued on Wednesday, May 20th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of ($0.04) per share for the year, down from their prior forecast of ($0.03). Scotiabank currently has a “Strong-Buy” rating on the stock.

Separately, BMO Capital Markets raised Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of “Strong Buy”.

Meridian Mining UK Societas Stock Down 1.5%

Shares of Meridian Mining UK Societas stock opened at C$1.93 on Friday. The stock’s fifty day moving average is C$1.78 and its 200-day moving average is C$1.65. The firm has a market capitalization of C$937.04 million, a PE ratio of -32.17 and a beta of 1.90. Meridian Mining UK Societas has a 12-month low of C$0.63 and a 12-month high of C$2.16.

Meridian Mining UK Societas (TSE:MNO) last announced its earnings results on Wednesday, May 13th. The company reported C($0.03) earnings per share (EPS) for the quarter.

About Meridian Mining UK Societas

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.