Equities Analysts Offer Predictions for Wesdome Gold Mines Ltd’s FY2017 Earnings (WDO)
Wesdome Gold Mines Ltd (TSE:WDO) – Desjardins upped their FY2017 earnings estimates for shares of Wesdome Gold Mines in a research report issued to clients and investors on Monday. Desjardins analyst R. Ray now expects that the company will earn $0.06 per share for the year, up from their prior forecast of $0.04. Desjardins has a “Buy” rating and a $3.15 price objective on the stock.
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Separately, National Bank Financial reaffirmed an “outperform” rating and issued a C$4.00 price target on shares of Wesdome Gold Mines in a report on Tuesday, October 3rd.
Wesdome Gold Mines (TSE:WDO) opened at 2.01 on Tuesday. The company has a market cap of $269.12 million and a price-to-earnings ratio of 26.45. The stock has a 50 day moving average price of $2.16 and a 200 day moving average price of $2.73. Wesdome Gold Mines has a 12 month low of $1.93 and a 12 month high of $4.40.
In related news, insider Benoit Laplante sold 34,800 shares of Wesdome Gold Mines stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$2.22, for a total value 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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