Cormark Comments on Geodrill Limited’s FY2022 Earnings (TSE:GEO)

Geodrill Limited (TSE:GEOGet Rating) – Equities researchers at Cormark dropped their FY2022 earnings per share estimates for shares of Geodrill in a research report issued to clients and investors on Monday, November 14th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.53 for the year, down from their previous estimate of $0.63. The consensus estimate for Geodrill’s current full-year earnings is $0.52 per share. Cormark also issued estimates for Geodrill’s FY2023 earnings at $0.57 EPS.

Geodrill Price Performance

Shares of Geodrill stock opened at C$2.60 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.40 and a debt-to-equity ratio of 13.69. Geodrill has a 12 month low of C$1.93 and a 12 month high of C$2.93. The business has a fifty day simple moving average of C$2.53 and a 200 day simple moving average of C$2.46. The stock has a market cap of C$121.77 million and a PE ratio of 5.53.

Geodrill Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 21st. Investors of record on Friday, October 7th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, October 6th. This represents a dividend yield of 1.28%. Geodrill’s dividend payout ratio (DPR) is presently 6.80%.

Geodrill Company Profile

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Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Zambia, and Peru. It offers reverse circulation, core, air-core, deep directional, reverse circulation grade control, water borehole, underground, mine blast hole, and horizontal drilling services.

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