Raymond James Financial Research Analysts Decrease Earnings Estimates for Mandalay Resources Corp. (MND)
Mandalay Resources Corp. (TSE:MND) – Equities researchers at Raymond James Financial dropped their FY2016 earnings per share (EPS) estimates for shares of Mandalay Resources Corp. in a research report issued to clients and investors on Tuesday. Raymond James Financial analyst C. Thompson now expects that the firm will earn $0.03 per share for the year, down from their prior forecast of $0.08.
A number of other equities analysts also recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating and set a C$1.45 price target on shares of Mandalay Resources Corp. in a research report on Thursday, September 8th. Desjardins reduced their price target on Mandalay Resources Corp. from C$1.95 to C$1.70 in a research report on Tuesday, August 16th.
Mandalay Resources Corp. (TSE:MND) opened at 0.80 on Thursday. The company’s 50-day moving average price is $0.95 and its 200 day moving average price is $1.07. Mandalay Resources Corp. has a 52-week low of $0.59 and a 52-week high of $1.27. The stock has a market capitalization of $360.94 million and a P/E ratio of 160.00.
In related news, insider Gmt Capital Corp sold 116,500 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of C$0.69, for a total value of C$80,385.00.
Mandalay Resources Corp. Company Profile
Mandalay Resources Corporation is a Canada-based mining company. The Company is engaged in the business of exploration, development and mining of natural resource properties. It holds interest in properties, such as Costerfield, Australia; Cerro Bayo, Chile, and Bjorkdal, Sweden. The Company also focuses on the undergoing mineral exploration and water supply development.
Receive News & Stock Ratings for Mandalay Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mandalay Resources Corp. and related stocks with our FREE daily email newsletter.