GREY:VITFF - Post by User
Comment by
HoneyBadger77on Apr 21, 2023 7:02pm
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Post# 35408223
RE:RE:VGCX 2023 Q1 Earnings Estimates -Analyst Consensus - Really?
RE:RE:VGCX 2023 Q1 Earnings Estimates -Analyst Consensus - Really?Exactly MVargas, if 2022 Q1 results were .25 cents with 24K production how can analysts have a 2023 Q1 consensus earnings estimate of 13 cents with production at 37K ounces. I'm actually expecting Q1 to come in at somewhere between 30 and 40 cents a share and if I'm right I highly doubt we'll see the stock in the $9.00 range! All I know is that if Q1 earnings come in at 15 cents with 50% better production and 10 cents lower than Q1 2022 John better have some good reasons or if he thinks last year was rough he ain't seen nothing yet!
I didn't see the latest CIBC target increase to $11.50 but in my opinion they're still way off the mark. Of course no one will complain when the stock is back at $15 bucks and they'll just move their target up as the stock moves up...geniuses! It's too bad that most investors don't do their homework because there are going to be a lot of investors that wished they bought more at these levels when the real earnings are revealed.
I see we closed just above the 20 DMA today so will be interesting to see if we see a continued upward trend next week or it breaks through and retests the low $9.00 range. Regardless I won't be selling a single share until this stock gets to a price much higher than is is today.
Thanks MVargus for your input on this, I truly value your opinion!
HB77