Beacon Securities Equities Analysts Reduce Earnings Estimates for Eastmain Resources Inc (ER)
Eastmain Resources Inc (TSE:ER) – Beacon Securities lowered their FY2018 earnings estimates for Eastmain Resources in a report issued on Thursday. Beacon Securities analyst M. Bandrowski now forecasts that the firm will earn ($0.04) per share for the year, down from their previous estimate of ($0.01).
Shares of Eastmain Resources (TSE:ER) opened at 0.79 on Monday. Eastmain Resources has a 12-month low of $0.29 and a 12-month high of $0.97. The stock has a 50 day moving average of $0.83 and a 200 day moving average of $0.63. The company’s market cap is $138.53 million.
In other Eastmain Resources news, Director Claude Lemasson bought 100,000 shares of Eastmain Resources stock in a transaction dated Friday, October 7th. The stock was acquired at an average cost of C$0.80 per share, for a total transaction of C$80,000.00.
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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