Mandalay Resources Corp. (TSE:MND) – Research analysts at Raymond James Financial lowered their FY2016 earnings estimates for Mandalay Resources Corp. in a report released on Friday. Raymond James Financial analyst C. Thompson now anticipates that the firm will post earnings of $0.08 per share for the year, down from their previous forecast of $0.09. Raymond James Financial also issued estimates for Mandalay Resources Corp.’s FY2017 earnings at $0.17 EPS.
MND has been the subject of a number of other reports. Scotiabank restated an “outperform” rating and issued a C$1.45 price objective on shares of Mandalay Resources Corp. in a report on Thursday, September 8th. Desjardins decreased their price objective on Mandalay Resources Corp. from C$1.95 to C$1.70 in a report on Tuesday, August 16th.
Shares of Mandalay Resources Corp. (TSE:MND) opened at 1.02 on Monday. The stock has a 50 day moving average price of $1.11 and a 200-day moving average price of $1.07. The company has a market capitalization of $459.70 million and a price-to-earnings ratio of 127.50. Mandalay Resources Corp. has a one year low of $0.59 and a one year high of $1.35.
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.
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