RE:RE:RE:RE:RE:RE:RE:Price Target upNewAgeMetal wrote: CIBC rating seems strange to me. The price of v was higher, we still thought Mr. Prince was signing a few deals before the end of the calendar.....as well as a few other items that got watered down......I feel like he would move down from that date....weird
If I’m not mistaken, back in June (prior to the release of Q2-22 results) the lowest rating (= C$13) among 3 analysts was given by Bryce Adams apparently based on an earnings forecast of C$0.24/share (the lowest earnings forecast among 3 analysts). The actual Q2-22 EPS was C$0.357 (or 49% higher than Bryce’s expectation). That positive earnings surprise should be reflected in any of his PT updates so I see no reason for Bryce to go below his previous C$13.
Btw the newest earnings estimates (in C$) for Q3-22 have already been updated downward as compared to those of Q2-22, as follows:
| Earnings Estimate | Current Qtr. (Sep 2022) | | | |
| No. of Analysts | 3 | | | |
| Avg. Estimate | 0.25 | | | |
| Low Estimate | 0.17 | | | |
| High Estimate | 0.31 | | | |
As compared to Q2-22
| Earnings Estimate | Current Qtr. (Jun 2022) | | | |
| No. of Analysts | 3 | | | |
| Avg. Estimate | 0.30 | | | |
| Low Estimate | 0.24 | | | |
| High Estimate | 0.41 | | | |