Scorpio Mining (SPM) Releases Quarterly Earnings, Meets Expectations
Scorpio Mining (TSE:SPM) announced its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.01), Analyst Ratings News reports.
On a related note, analysts at Mackie cut their price target on shares of Scorpio Mining from C$0.90 to C$0.60 in a research note on Thursday, May 15th. They now have a “buy” rating on the stock.
Shares of Scorpio Mining (TSE:SPM) opened at 0.32 on Tuesday. Scorpio Mining has a 1-year low of $0.18 and a 1-year high of $0.48. The stock has a 50-day moving average of $0.32 and a 200-day moving average of $0.3. The company’s market cap is $63.5 million.
Scorpio Mining Corporation (TSE:SPM) conducts mining exploration, development and production in Mexico.
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