Stock Analysis
- Canada
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- TSXV:THX
Thor Explorations Second Quarter 2024 Earnings: EPS: US$0.042 (vs US$0.012 in 2Q 2023)
Thor Explorations (CVE:THX) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$53.9m (up 30% from 2Q 2023).
- Net income: US$27.5m (up 248% from 2Q 2023).
- Profit margin: 51% (up from 19% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: US$0.042 (up from US$0.012 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Thor Explorations Earnings Insights
Looking ahead, revenue is expected to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 16%.
Performance of the Canadian Metals and Mining industry.
The company's shares are up 16% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Thor Explorations' balance sheet.
Valuation is complex, but we're here to simplify it.
Discover if Thor Explorations might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About TSXV:THX
Thor Explorations
Operates as a gold producer and explorer.