Rio2 (TSE:RIO – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$164.26 million during the quarter.
Rio2 Trading Down 4.3%
Shares of Rio2 stock opened at C$2.67 on Thursday. Rio2 has a 1 year low of C$2.10 and a 1 year high of C$4.09. The firm has a market cap of C$1.47 billion, a PE ratio of 24.27 and a beta of 1.85. The stock has a fifty day moving average price of C$3.14 and a 200-day moving average price of C$3.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.70 and a quick ratio of 1.09.
Analysts Set New Price Targets
Separately, Stifel Nicolaus set a C$6.10 target price on Rio2 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$5.80.
Get Our Latest Stock Report on Rio2
Rio2 Company Profile
Rio2 is a diversified precious metals and copper producer focused on building and operating mines with a management team that has proven technical skills as well as a successful capital markets track record. The Company is currently producing gold at its Fenix Gold heap leach mine in Chile and copper/gold/silver at its recently acquired Condestable underground mine in Peru. Rio2 and its wholly owned subsidiaries, Fenix Gold Limitada and Compañía Minera Condestable S.A., are companies that operate with the highest environmental standards and responsibility with the firm conviction that it is possible to develop mining projects that respect the three pillars (Social, Environment, Economics) of responsible development.
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