Research Analysts Issue Forecasts for Wesdome Gold Mines Ltd’s FY2017 Earnings (WDO)
Wesdome Gold Mines Ltd (TSE:WDO) – National Bank Financial issued their FY2017 earnings estimates for shares of Wesdome Gold Mines in a research note issued to investors on Monday. National Bank Financial analyst D. Demarco forecasts that the company will post earnings of $0.09 per share for the year. National Bank Financial currently has a “Outperform” rating and a $4.00 target price on the stock. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2018 earnings at $0.18 EPS, FY2019 earnings at $0.40 EPS and FY2020 earnings at $0.39 EPS.
Separately, Desjardins reaffirmed a “buy” rating and issued a C$3.15 target price on shares of Wesdome Gold Mines in a research report on Friday, September 29th.
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Wesdome Gold Mines (WDO) opened at 2.10 on Thursday. The stock’s 50 day moving average price is $2.24 and its 200 day moving average price is $2.90. The firm has a market capitalization of $281.17 million and a PE ratio of 27.63. Wesdome Gold Mines has a 52-week low of $1.93 and a 52-week high of $4.40.
In other Wesdome Gold Mines news, insider Benoit Laplante sold 34,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of C$2.22, for a total transaction of C$77,256.00.
Wesdome Gold Mines Company Profile
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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