Cormark Forecasts Reduced Earnings for Sutter Gold Mining

Sutter Gold Mining Inc (CVE:SGMFree Report) – Cormark reduced their FY2024 earnings per share estimates for Sutter Gold Mining in a research note issued on Tuesday, February 25th. Cormark analyst S. Gill now expects that the company will post earnings per share of ($0.19) for the year, down from their prior forecast of ($0.16).

Sutter Gold Mining Trading Up ∞

SGM opened at C$0.01 on Thursday. The stock has a fifty day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. The company has a market cap of C$1.25 million and a price-to-earnings ratio of -0.22. Sutter Gold Mining has a 12-month low of C$0.01 and a 12-month high of C$0.03.

About Sutter Gold Mining

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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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