Analysts Issue Forecasts for Wesdome Gold Mines Ltd.’s Q3 2016 Earnings (WDO)
Wesdome Gold Mines Ltd. (TSE:WDO) – National Bank Financial issued their Q3 2016 earnings per share estimates for shares of Wesdome Gold Mines in a research report issued on Wednesday. National Bank Financial analyst R. Ray forecasts that the brokerage will post earnings per share of $0.07 for the quarter. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2016 earnings at $0.10 EPS and FY2017 earnings at $0.26 EPS.
Several other brokerages have also recently weighed in on WDO. Clarus Securities reiterated a “buy” rating on shares of Wesdome Gold Mines in a research note on Tuesday, September 6th. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a research report on Monday, July 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$2.26.
Shares of Wesdome Gold Mines (TSE:WDO) opened at 2.48 on Friday. The firm’s 50-day moving average is $2.59 and its 200-day moving average is $1.97. Wesdome Gold Mines has a one year low of $0.96 and a one year high of $2.90. The company’s market cap is $322.14 million.
In other news, Director Barry George Smith sold 205,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of C$2.61, for a total transaction of C$535,050.00.
About Wesdome Gold Mines
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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