The Wesdome Gold Mines Ltd to Post FY2017 Earnings of $0.12 Per Share, Clarus Securities Forecasts (WDO)

The Wesdome Gold Mines Ltd to Post FY2017 Earnings of $0.12 Per Share, Clarus Securities Forecasts (WDO)

Wesdome Gold Mines Ltd (TSE:WDO) – Analysts at Clarus Securities reduced their FY2017 EPS estimates for shares of Wesdome Gold Mines in a research note issued to investors on Thursday. Clarus Securities analyst J. Spratt now expects that the company will earn $0.12 per share for the year, down from their previous forecast of $0.16. Clarus Securities also issued estimates for Wesdome Gold Mines’ FY2018 earnings at $0.25 EPS and FY2019 earnings at $0.38 EPS.

Several other brokerages have also recently commented on WDO. National Bank Financial boosted their price objective on shares of Wesdome Gold Mines from C$4.00 to C$4.25 and gave the company a “sector perform” rating in a research note on Friday, March 17th. Eight Capital reaffirmed a “buy” rating and set a C$4.70 price objective on shares of Wesdome Gold Mines in a research note on Friday, March 3rd.

Shares of Wesdome Gold Mines (TSE WDO) opened at 3.15 on Monday. The company has a market cap of $417.69 million and a P/E ratio of 34.62. The stock’s 50 day moving average is $3.30 and its 200-day moving average is $3.10. Wesdome Gold Mines has a one year low of $1.50 and a one year high of $4.40. In other Wesdome Gold Mines news, Director Rowland Wallace Uloth sold 200,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of C$4.06, for a total transaction of C$812,000.00. Also, Director Hemdat Sawh sold 250,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of C$0.90, for a total transaction of C$225,000.00. In the last ninety days, insiders have sold 735,000 shares of company stock valued at $2,165,246.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:WDO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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