Superior Gold (SGI) Price Target Cut to C$1.50 by Analysts at BMO Capital Markets

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Superior Gold (CVE:SGI) had its price objective dropped by BMO Capital Markets from C$2.00 to C$1.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 127.27% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on SGI. Eight Capital dropped their price objective on Superior Gold from C$1.80 to C$1.50 in a report on Monday, March 11th. Cormark cut Superior Gold from a “buy” rating to a “market perform” rating and dropped their price objective for the company from C$1.05 to C$0.80 in a report on Thursday, March 14th. TD Securities dropped their price objective on Superior Gold from C$1.30 to C$1.15 and set a “buy” rating for the company in a report on Thursday, March 14th. Finally, Pi Financial dropped their price objective on Superior Gold from C$1.50 to C$1.30 in a report on Monday, March 25th.

Shares of Superior Gold stock remained flat at $C$0.66 on Wednesday. The stock had a trading volume of 18,500 shares, compared to its average volume of 128,995. The stock has a market cap of $60.32 million and a PE ratio of -4.71. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 15.60. Superior Gold has a 12-month low of C$0.44 and a 12-month high of C$1.39.

Superior Gold (CVE:SGI) last announced its earnings results on Wednesday, March 13th. The company reported C($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.04) by C($0.05). The firm had revenue of C$31.59 million during the quarter. Equities analysts expect that Superior Gold will post 0.149999998880597 EPS for the current year.

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 north east 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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