Geodrill (GEO) Price Target Lowered to C$2.75 at Cormark

Geodrill (TSE:GEO) had its target price decreased by Cormark from C$3.75 to C$2.75 in a research note issued to investors on Tuesday morning.

Separately, TD Securities lowered their price target on shares of Geodrill from C$3.50 to C$2.75 in a research report on Tuesday.

TSE:GEO opened at C$1.47 on Tuesday. Geodrill has a 12 month low of C$1.40 and a 12 month high of C$2.33. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 12.28.

Geodrill (TSE:GEO) last posted its earnings results on Monday, August 13th. The company reported C$0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.06. The company had revenue of C$35.21 million during the quarter, compared to analysts’ expectations of C$32.29 million. As a group, analysts anticipate that Geodrill will post 0.219999984722223 EPS for the current fiscal year.

In other Geodrill news, insider Sustainable Capital Ltd purchased 47,200 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of C$1.52 per share, with a total value of C$71,744.00.

Geodrill Company Profile

Geodrill Limited, together with its subsidiaries, provides exploration and development drilling services to various mining companies with exploration, development, and production operations in West Africa and the African copper belt. The company offers reverse circulation (RC), diamond core, air-core, directional, RC grade control, water bore, and underground drilling services.

Read More: How much money do you need to begin day trading?

Receive News & Ratings for Geodrill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geodrill and related companies with's FREE daily email newsletter.

Leave a Reply