FY2019 Earnings Estimate for Anaconda Mining Inc Issued By M Partners (TSE:ANX)

Anaconda Mining Inc (TSE:ANX) – Equities researchers at M Partners decreased their FY2019 EPS estimates for Anaconda Mining in a research report issued to clients and investors on Monday, July 15th. M Partners analyst B. Berhe now anticipates that the company will post earnings per share of ($0.02) for the year, down from their prior estimate of ($0.01). M Partners also issued estimates for Anaconda Mining’s FY2020 earnings at ($0.04) EPS.

Anaconda Mining (TSE:ANX) last announced its earnings results on Thursday, May 2nd. The company reported C$0.01 EPS for the quarter. The business had revenue of C$8.78 million for the quarter.

Shares of ANX stock opened at C$0.32 on Wednesday. Anaconda Mining has a 12 month low of C$0.18 and a 12 month high of C$0.36. The company has a market cap of $36.83 million and a PE ratio of -53.33. The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 14.57. The firm’s fifty day simple moving average is C$0.30.

About Anaconda Mining

Anaconda Mining Inc operates as a gold mining, development, and exploration company in Canada. It holds a 100% interest in the Point Rousse project comprising 5 mining leases and 24 mineral licenses with a total of 5,878 hectares located in the Baie Verte Mining District, Newfoundland; Goldboro project comprising 37 contiguous claims covering an area of 600 hectares situated to the northeast of Halifax, Nova Scotia; and Viking project that covers an area of 6,225 hectares of prospective land located in Newfoundland.

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