Cormark Weighs in on Fireweed Metals Corp.’s FY2024 Earnings (CVE:FWZ)

Fireweed Metals Corp. (CVE:FWZ) – Equities researchers at Cormark lowered their FY2024 earnings estimates for Fireweed Metals in a report issued on Monday, September 23rd. Cormark analyst S. Ioannou now forecasts that the company will post earnings per share of ($0.11) for the year, down from their prior forecast of ($0.01). Cormark also issued estimates for Fireweed Metals’ FY2025 earnings at ($0.14) EPS.

Separately, Ventum Financial raised their price objective on shares of Fireweed Metals from C$2.30 to C$2.50 in a research report on Thursday, August 22nd.

Fireweed Metals Stock Down 2.9 %

Shares of Fireweed Metals stock opened at C$1.32 on Thursday. The business has a fifty day simple moving average of C$1.26 and a 200-day simple moving average of C$1.19. Fireweed Metals has a fifty-two week low of C$0.92 and a fifty-two week high of C$1.40. The firm has a market cap of C$236.82 million, a price-to-earnings ratio of -4.89 and a beta of 1.07.

Fireweed Metals (CVE:FWZ) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.06) earnings per share (EPS) for the quarter.

About Fireweed Metals

Fireweed Metals Corp. engages in the acquisition and exploration of mineral assets in Canada. It explores for zinc, lead, and silver, as well as gallium and germanium deposits. The company owns an interest in the Macmillan Pass project located in Yukon, Canada; and the Gayna River project situated in Northwest Territories, Canada.