Research Analysts Issue Forecasts for Wesdome Gold Mines Ltd.’s FY2016 Earnings (WDO)
Wesdome Gold Mines Ltd. (TSE:WDO) – Clarus Securities raised their FY2016 earnings per share estimates for shares of Wesdome Gold Mines in a research note issued to investors on Thursday. Clarus Securities analyst J. Spratt now expects that the firm will post earnings of $0.05 per share for the year, up from their previous forecast of $0.02. Clarus Securities currently has a “Speculative Buy” rating on the stock.
Several other analysts also recently commented on the company. M Partners reiterated a “buy” rating on shares of Wesdome Gold Mines in a research note on Monday, July 18th. National Bank Financial increased their price target on Wesdome Gold Mines from C$2.60 to C$2.80 in a report on Wednesday, July 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$2.26.
Wesdome Gold Mines (TSE:WDO) opened at 2.53 on Monday. Wesdome Gold Mines has a 12 month low of $0.98 and a 12 month high of $2.90. The stock has a 50 day moving average price of $2.60 and a 200 day moving average price of $1.99. The stock’s market capitalization is $328.63 million.
In other news, Director Barry George Smith sold 205,000 shares of the stock in a transaction on 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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