Q2 2018 Earnings Estimate for Ikkuma Resources Issued By Beacon Securities (IKM)

Ikkuma Resources (CVE:IKM) – Equities researchers at Beacon Securities decreased their Q2 2018 EPS estimates for Ikkuma Resources in a research report issued to clients and investors on Tuesday, May 15th. Beacon Securities analyst K. Wilson now anticipates that the company will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.07). Beacon Securities currently has a “Hold” rating on the stock. Beacon Securities also issued estimates for Ikkuma Resources’ Q3 2018 earnings at ($0.07) EPS and FY2018 earnings at ($0.27) EPS.

Ikkuma Resources (CVE:IKM) last released its earnings results on Wednesday, April 25th. The company reported C($0.31) EPS for the quarter. Ikkuma Resources had a negative return on equity of 10.10% and a negative net margin of 37.51%. The firm had revenue of C$8.39 million for the quarter.

Separately, TD Securities lifted their target price on Ikkuma Resources from C$0.30 to C$0.35 and gave the stock a “hold” rating in a report on Wednesday, April 4th.

Ikkuma Resources opened at C$0.35 on Friday, Marketbeat.com reports. Ikkuma Resources has a 52 week low of C$0.24 and a 52 week high of C$0.76.

In other news, Director David Garfield Anderson bought 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was purchased at an average price of C$0.25 per share, with a total value of C$50,000.00.

About Ikkuma Resources

Ikkuma Resources Corp. engages in the exploration and production of oil and gas properties in Western Canada. Its oil and gas properties are located in the foothills of Alberta and British Columbia. The company was formerly known as PanTerra Resource Corp. and changed its name to Ikkuma Resources Corp.

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