Beacon Securities Equities Analysts Reduce Earnings Estimates for Eastmain Resources Inc (ER)
Eastmain Resources Inc (TSE:ER) – Stock analysts at Beacon Securities lowered their FY2018 earnings estimates for Eastmain Resources in a research report issued on Thursday. Beacon Securities analyst M. Bandrowski now forecasts that the firm will post earnings per share of ($0.04) for the year, down from their previous forecast of ($0.01).
Shares of Eastmain Resources (TSE:ER) opened at 0.79 on Monday. The company’s market cap is $138.53 million. Eastmain Resources has a one year low of $0.29 and a one year high of $0.97. The company’s 50-day moving average is $0.83 and its 200-day moving average is $0.63.
In other news, Director Claude Lemasson acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was purchased at an average price of C$0.80 per share, with a total value of C$80,000.00.
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Eastmain Resources Company Profile
Eastmain Resources Inc is an exploration-stage company engaged in the exploration of metallic mineral resource properties within Canada. The Company’s projects include Clearwater Project, which hosts the Eau Claire Gold Deposit; Eastmain Mine Project, which hosts the Eastmain Mine Gold Deposit; Eleonore South project, which consists of approximately 280 claims covering approximately 150 square kilometers of the Opinaca area of James Bay, Quebec, and Ruby Hill Project, which is located within the Upper Eastmain River Greenstone Belt of Northern Quebec.
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