GMP FirstEnergy Reiterates a Buy Rating on Superior Gold Inc (SGI)

By Jason Carr

Superior Gold Inc (SGIResearch Report), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Ian Parkinson from GMP FirstEnergy rated Superior Gold Inc (SGIResearch Report) a Buy, setting a C$1.80 price target.

According to TipRanks.com, Parkinson is ranked #382 out of 5203 analysts.

Currently, the analyst consensus on Superior Gold Inc is a Moderate Buy with an average price target of C$1.73.

Based on Superior Gold Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$2.28 million. In comparison, last year the company had a GAAP net loss of C$2.94 million.

Superior Gold, Inc. engages in the acquisition, exploration, development, and operation of gold resource properties. It owns the Plutonic gold operations. The company was founded on July 4, 2016 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$0.71, close to its 52-week low of C$0.66.