FY2017 Earnings Forecast for Geodrill Ltd (GEO) Issued By Beacon Securities
Geodrill Ltd (TSE:GEO) – Equities research analysts at Beacon Securities lowered their FY2017 earnings per share (EPS) estimates for shares of Geodrill in a research note issued to investors on Monday. Beacon Securities analyst A. Shaath now anticipates that the company will post earnings per share of $0.14 for the year, down from their prior forecast of $0.23. Beacon Securities has a “Buy” rating on the stock.
Shares of Geodrill (TSE GEO) opened at 2.10 on Wednesday. Geodrill has a one year low of $1.71 and a one year high of $2.82. The stock has a market capitalization of $90.68 million and a price-to-earnings ratio of 16.15. The firm’s 50-day moving average is $1.98 and its 200-day moving average is $2.19.
Geodrill Limited is an exploration drilling company. The Company operates a fleet of Multi-Purpose, Core, Air-core and Grade Control drill rigs. The Company’s geographic segments include Ghana and Outside Ghana. The multi-purpose rigs can perform both reverse circulation (RC) and diamond core (Core) drilling and can switch from one to the other.
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