Home Bitcoin News Bitcoin Mining Hut 8 Mining Corp. (TSE:HUT) Anticipated to Earn Q2 2022 Earnings of $0.06 Per Share

Hut 8 Mining Corp. (TSE:HUT) Anticipated to Earn Q2 2022 Earnings of $0.06 Per Share

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Hut 8 Mining Corp. (TSE:HUTGet Rating) – Analysts at DA Davidson issued their Q2 2022 EPS estimates for Hut 8 Mining in a analysis be aware issued to traders on Friday, Could twentieth. DA Davidson analyst C. Brendler anticipates that the corporate will earn $0.06 per share for the quarter.

HUT has been the topic of a variety of different reviews. Stifel Nicolaus started protection on shares of Hut 8 Mining in a analysis report on Thursday, March twenty fourth. They issued a “purchase” score and a C$11.00 goal worth for the corporate. HC Wainwright minimize their worth goal on shares of Hut 8 Mining from C$24.00 to C$6.50 and set a “purchase” score for the corporate in a analysis report on Thursday. 5 equities analysis analysts have rated the inventory with a purchase score, In response to MarketBeat.com, Hut 8 Mining has a consensus score of “Purchase” and a consensus worth goal of C$12.38.

Shares of TSE HUT opened at C$3.19 on Monday. The agency has a 50-day easy shifting common of C$5.50 and a 200-day easy shifting common of C$8.83. The inventory has a market capitalization of C$555.66 million and a price-to-earnings ratio of -5.89. The corporate has a fast ratio of 5.40, a present ratio of 17.96 and a debt-to-equity ratio of seven.19. Hut 8 Mining has a 52 week low of C$2.93 and a 52 week excessive of C$20.61.

Hut 8 Mining (TSE:HUTGet Rating) final posted its quarterly earnings knowledge on Thursday, March seventeenth. The corporate reported C$0.02 earnings per share (EPS) for the quarter, lacking the consensus estimate of C$0.20 by C($0.18). The enterprise had income of C$57.90 million for the quarter, in comparison with analyst estimates of C$54.20 million.

Hut 8 Mining Firm Profile (Get Rating)

Hut 8 Mining Corp. operates as a cryptocurrency mining firm in North America. The corporate engages in industrial scale bitcoin mining operations. It additionally owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Drugs Hat, Alberta. Hut 8 Mining Corp. was included in 2011 and is headquartered in Toronto, Canada.

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