National Bank Financial Comments on Wesdome Gold Mines Ltd.’s Q3 2016 Earnings (WDO)
Wesdome Gold Mines Ltd. (TSE:WDO) – National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Wesdome Gold Mines in a research report issued to clients and investors on Wednesday. National Bank Financial analyst R. Ray anticipates that the brokerage will post earnings of $0.07 per share for the quarter. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2016 earnings at $0.10 EPS and FY2017 earnings at $0.26 EPS.
Several other research analysts have also weighed in on the company. Clarus Securities reaffirmed a “speculative buy” rating on shares of Wesdome Gold Mines in a research report on Thursday. M Partners reaffirmed a “buy” rating on shares of Wesdome Gold Mines in a research report on Monday, July 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$2.26.
Wesdome Gold Mines (TSE:WDO) traded up 0.42% during trading on Friday, reaching $2.41. The company had a trading volume of 61,325 shares. Wesdome Gold Mines has a 12 month low of $0.96 and a 12 month high of $2.90. The company’s market capitalization is $313.04 million. The stock has a 50 day moving average of $2.59 and a 200-day moving average of $1.96.
In other news, Director Barry George Smith sold 205,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of C$2.61, for a total transaction of C$535,050.00.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant.
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