Cormark Comments on Superior Gold Inc.’s FY2017 Earnings (CVE:SGI)

Superior Gold Inc. (CVE:SGI) – Investment analysts at Cormark cut their FY2017 earnings estimates for shares of Superior Gold in a research report issued on Thursday, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.09 for the year, down from their previous forecast of $0.13. Cormark also issued estimates for Superior Gold’s Q4 2017 earnings at $0.03 EPS, Q2 2018 earnings at $0.01 EPS, FY2018 earnings at $0.10 EPS and FY2019 earnings at $0.31 EPS.

Several other analysts also recently issued reports on the company. Pi Financial lifted their target price on Superior Gold from C$2.60 to C$2.70 and gave the company a “buy” rating in a research note on Thursday, November 23rd. M Partners reaffirmed a “buy” rating on shares of Superior Gold in a research note on Monday, August 21st.

Superior Gold (CVE SGI) traded up C$0.02 during midday trading on Friday, hitting C$1.13. The stock had a trading volume of 69,000 shares, compared to its average volume of 107,673. Superior Gold has a 1 year low of C$0.85 and a 1 year high of C$1.25.

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About Superior Gold

Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold Mine that is located approximately 800km northeast of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc December 2016.

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Earnings History and Estimates for Superior Gold (CVE:SGI)

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