Mandalay Resources (MND) Set to Announce Quarterly Earnings on Wednesday

Mandalay Resources (TSE:MND) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th.

Mandalay Resources (TSE:MND) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.14 earnings per share for the quarter. Mandalay Resources had a net margin of 4.54% and a return on equity of 4.13%. The business had revenue of C$68.88 million during the quarter.

Mandalay Resources Stock Down 2.5 %

Shares of MND stock traded down C$0.06 during mid-day trading on Tuesday, hitting C$2.31. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 26,610. The company has a debt-to-equity ratio of 11.98, a quick ratio of 0.89 and a current ratio of 2.50. Mandalay Resources has a 52-week low of C$1.30 and a 52-week high of C$2.51. The stock has a market cap of C$214.65 million, a price-to-earnings ratio of 21.00 and a beta of 0.60. The business has a 50-day moving average price of C$1.86 and a 200 day moving average price of C$1.78.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their target price on Mandalay Resources from C$3.00 to C$2.50 in a research report on Friday, February 23rd.

Mandalay Resources Company Profile

Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Bjorkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Vasterbotten County in northern Sweden.