Research Analysts Set Expectations for Wesdome Gold Mines Ltd’s FY2017 Earnings (WDO)
Wesdome Gold Mines Ltd (TSE:WDO) – Analysts at National Bank Financial issued their FY2017 EPS estimates for shares of Wesdome Gold Mines in a research report issued to clients and 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 price target 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 reiterated a “buy” rating and set a C$3.15 target price on shares of Wesdome Gold Mines in a research note on Friday, September 29th.
Shares of Wesdome Gold Mines (TSE WDO) opened at 2.04 on Thursday. Wesdome Gold Mines has a 52 week low of $1.93 and a 52 week high of $4.40. The company has a 50-day moving average price of $2.24 and a 200 day moving average price of $2.92. The firm has a market cap of $273.13 million and a price-to-earnings ratio of 26.84.
In related news, insider Benoit Laplante sold 34,800 shares of the 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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