Scotiabank Has Bearish Forecast for TSE:MNO FY2026 Earnings

Meridian Mining UK Societas (TSE:MNO) – Stock analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Meridian Mining UK Societas in a research report issued to clients and investors on Wednesday, May 20th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of ($0.04) per share for the year, down from their prior estimate of ($0.03). Scotiabank has a “Strong-Buy” rating on the stock.

Meridian Mining UK Societas (TSE:MNO) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Separately, BMO Capital Markets upgraded Meridian Mining UK Societas to a “strong-buy” rating in a report on Thursday, April 23rd. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Meridian Mining UK Societas Stock Down 1.5%

Shares of Meridian Mining UK Societas stock opened at C$1.93 on Friday. The firm has a market cap of C$937.04 million, a price-to-earnings ratio of -32.17 and a beta of 1.90. The business has a fifty day simple moving average of C$1.78 and a 200-day simple moving average of C$1.65. Meridian Mining UK Societas has a fifty-two week low of C$0.63 and a fifty-two week high of C$2.16.

About Meridian Mining UK Societas

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.