FY2017 EPS Estimates for Founders Advantage Capital Corp. Boosted by Analyst (FCF)
Founders Advantage Capital Corp. (CVE:FCF) – Equities researchers at Clarus Securities upped their FY2017 EPS estimates for shares of Founders Advantage Capital in a note issued to investors on Wednesday. Clarus Securities analyst N. Atkinson now expects that the company will post earnings per share of $0.03 for the year, up from their prior forecast of $0.01.
Several other research firms have also recently issued reports on FCF. Desjardins cut their price objective on Founders Advantage Capital from C$3.50 to C$3.25 in a research report on Tuesday. Raymond James Financial cut their price objective on Founders Advantage Capital from C$3.75 to C$3.50 and set an “outperform” rating for the company in a research report on Wednesday.
In other news, insider Global Opportunitie Harrington purchased 200,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of C$2.37 per share, for a total transaction of C$474,000.00. Also, insider Global Limited Harrington acquired 136,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were bought at an average cost of C$2.10 per share, for a total transaction of C$285,600.00. Insiders acquired 364,000 shares of company stock valued at $819,520 in the last quarter.
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Founders Advantage Capital Company Profile
Founders Advantage Capital Corp. operates as an investment issuer. The firm invests in equity, debt, or other securities of publicly traded companies or middle market privately held entities; and offers financing services in exchange for pre-determined royalties or distributions. It does not invest in commodities, energy, and natural resources.
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