Published on 8 May 2022 on Simply Wall St. via Yahoo Finance
What Does The Future Hold For Anaconda Mining Inc. (TSE:ANX)? These Analysts Have Been Cutting Their...
The analysts covering Anaconda Mining Inc. (TSE:ANX) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.
After the downgrade, the three analysts covering Anaconda Mining are now predicting revenues of CA$30m in 2022. If met, this would reflect an okay 3.7% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing CA$41m of revenue in 2022. It looks like forecasts have become a fair bit less optimistic on Anaconda Mining, given the pretty serious reduction to revenue estimates.
Check out our latest analysis for Anaconda Mining