Post by
templetooth2 on Jan 14, 2020 2:12pm
'Tis the season...
...for adjustments to 2020 estimates.
Scotia sez: "We have increased our cost estimates and modelled a more gradual ramp-up of plant improvements to reflect the ongoing challenges at Hope Bay. As such, our valuation and target have decreased accordingly."
The numbers are rather grim: one year target drops from $7 to $4.
NAV /sh drops from $8.28 to $6.14
2020 adj EPS from 84 cents to 48 cents
2021 adj EPS from $1.19 to 88 cents
Cdn $ thru-out
Q4 production is estimated at 27,200 oz.
Comment by
snowshoedb on Jan 14, 2020 2:25pm
Writing is on the wall... now being written by analysts... often they publish long after the results are baked in... TMR has been baking this cake for 2 years... should have fixed the recipe adfter 1 yr. Compare the performance of WDO vs TMR over the last 2 years of gold bull market.... you'd think TMR was in a different industry.
Comment by
MatthewZy on Jan 14, 2020 3:45pm
Yep just follow the trend, adjust targets accordingly, and tell us stuff we can find in company press releases, ie. we already knew from the Nov. 1st release that forecast for Q4 was 25-35k ounces, thanks Scotia... And wtf TMR management. 52 week low?? ugh