Cormark Has Positive Estimate for Geodrill FY2025 Earnings

Geodrill Limited (TSE:GEO) – Equities researchers at Cormark increased their FY2025 earnings estimates for shares of Geodrill in a research note issued on Tuesday, March 4th. Cormark analyst N. Dion now anticipates that the company will earn $0.37 per share for the year, up from their prior forecast of $0.35. The consensus estimate for Geodrill’s current full-year earnings is $0.31 per share.

Geodrill Stock Performance

Shares of TSE:GEO opened at C$3.00 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.51 and a debt-to-equity ratio of 2.45. The company has a market capitalization of C$100.74 million, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. Geodrill has a 52 week low of C$1.66 and a 52 week high of C$3.32. The firm has a 50 day moving average of C$3.10 and a 200 day moving average of C$2.88.

Geodrill (TSE:GEO) last issued its earnings results on Monday, March 3rd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Geodrill had a return on equity of 7.24% and a net margin of 5.95%. During the same period in the previous year, the firm earned ($0.03) earnings per share.

Insiders Place Their Bets

In other news, insider Sustainable Capital Ltd sold 23,800 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of C$3.11, for a total value of C$74,018.00. Over the last ninety days, insiders sold 186,100 shares of company stock worth $590,448. 41.12% of the stock is owned by corporate insiders.

Geodrill Company Profile

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.