Cormark Has Pessimistic Outlook of CVE:SGM FY2024 Earnings

Sutter Gold Mining Inc (CVE:SGMFree Report) – Equities research analysts at Cormark cut their FY2024 earnings per share (EPS) estimates for Sutter Gold Mining in a research report issued to clients and investors on Tuesday, February 25th. Cormark analyst S. Gill now forecasts that the company will post earnings per share of ($0.19) for the year, down from their previous estimate of ($0.16).

Sutter Gold Mining Price Performance

Shares of SGM stock opened at C$0.01 on Thursday. The business has a fifty day moving average of C$0.01 and a 200 day moving average of C$0.01. Sutter Gold Mining has a 1 year low of C$0.01 and a 1 year high of C$0.03. The firm has a market capitalization of C$1.25 million and a price-to-earnings ratio of -0.22.

Sutter Gold Mining Company Profile

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Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California.

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