Cormark Research Analysts Cut Earnings Estimates for Coro Mining Corp (TSE:COP)

Coro Mining Corp (TSE:COP) – Equities research analysts at Cormark lowered their FY2023 EPS estimates for shares of Coro Mining in a research report issued to clients and investors on Tuesday, December 3rd. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.01 per share for the year, down from their prior estimate of $0.03.

TSE:COP opened at C$0.07 on Wednesday. The company has a market capitalization of $128.36 million and a price-to-earnings ratio of -4.12. The business has a 50 day moving average of C$0.09 and a 200 day moving average of C$0.09. The company has a debt-to-equity ratio of 52.01, a current ratio of 0.66 and a quick ratio of 0.59. Coro Mining has a 1-year low of C$0.05 and a 1-year high of C$0.12.

About Coro Mining

Coro Mining Corp. engages in the acquisition, exploration, and exploitation of mineral properties and projects located in Latin America. It explores for copper, iron ore, gold, and other base and precious metals. The company principally holds 51% interests in Marimaca copper oxide project located in the Antofagasta Region of northern Chile.

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