Raymond James Has Positive Estimate for Rio2 FY2025 Earnings

Rio2 Limited (CVE:RIO - Free Report) - Equities researchers at Raymond James lifted their FY2025 earnings per share estimates for shares of Rio2 in a research report issued to clients and investors on Tuesday, October 29th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $0.00 per share for the year, up from their prior estimate of ($0.03). The consensus estimate for Rio2's current full-year earnings is ($0.03) per share.

Rio2 (CVE:RIO - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Rio2 Price Performance

Shares of Rio2 stock remained flat at C$0.69 on Friday. 66,365 shares of the stock were exchanged, compared to its average volume of 265,153. Rio2 has a 1 year low of C$0.16 and a 1 year high of C$0.77. The company has a quick ratio of 1.10, a current ratio of 24.96 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of C$0.63 and a 200 day moving average of C$0.56. The stock has a market cap of C$219.83 million, a price-to-earnings ratio of -17.25 and a beta of 2.36.

About Rio2

Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. It holds a 100% in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.