MCAN Mortgage (TSE:MKP) Issues Quarterly Earnings Results

MCAN Mortgage (TSE:MKP) issued its quarterly earnings results on Monday. The company reported C$0.43 earnings per share (EPS) for the quarter, FiscalAI reports. MCAN Mortgage had a net margin of 52.77% and a return on equity of 15.63%. The firm had revenue of C$37.60 million for the quarter.

MCAN Mortgage Trading Up 0.2%

Shares of TSE MKP opened at C$24.43 on Wednesday. The company has a market capitalization of C$982.55 million, a P/E ratio of 14.81 and a beta of 0.46. MCAN Mortgage has a 12 month low of C$16.70 and a 12 month high of C$24.55. The stock has a 50 day moving average of C$22.81 and a 200-day moving average of C$22.08.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their target price on MCAN Mortgage from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$21.00.

About MCAN Mortgage

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.