Clarus Securities Comments on Wesdome Gold Mines Ltd.’s FY2016 Earnings (WDO)
Wesdome Gold Mines Ltd. (TSE:WDO) – Stock analysts at Clarus Securities boosted their FY2016 earnings per share (EPS) estimates for Wesdome Gold Mines in a research report issued on Thursday. Clarus Securities analyst J. Spratt now anticipates that the brokerage will post earnings per share of $0.05 for the year, up from their prior estimate of $0.02. Clarus Securities has a “Speculative Buy” rating on the stock.
Several other analysts also recently weighed in on WDO. National Bank Financial boosted their price target on shares of Wesdome Gold Mines from C$2.60 to C$2.80 in a research note on Wednesday, July 13th. M Partners reissued a “buy” rating on shares of Wesdome Gold Mines in a research note on Monday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Wesdome Gold Mines currently has a consensus rating of “Buy” and a consensus price target of C$2.26.
Wesdome Gold Mines (TSE:WDO) opened at 2.48 on Monday. Wesdome Gold Mines has a 12 month low of $0.96 and a 12 month high of $2.90. The company has a 50-day moving average of $2.59 and a 200 day moving average of $1.97. The company’s market cap is $322.14 million.
In other Wesdome Gold Mines news, Director Barry George Smith sold 205,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$2.61, for a total value 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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