Wesdome Gold Mines Ltd. (TSE:WDO) – Equities researchers at Clarus Securities increased their FY2016 EPS estimates for Wesdome Gold Mines in a report issued on Thursday. Clarus Securities analyst J. Spratt now expects that the brokerage will post earnings of $0.05 per share for the year, up from their prior estimate of $0.02. Clarus Securities currently has a “Speculative Buy” rating on the stock.
WDO has been the topic of several other research reports. National Bank Financial lifted their target price on shares of Wesdome Gold Mines from C$2.60 to C$2.80 in a research report on Wednesday, July 13th. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a research note on Monday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$2.26.
Shares of Wesdome Gold Mines (TSE:WDO) opened at 2.48 on Monday. The company’s market capitalization is $322.14 million. Wesdome Gold Mines has a 1-year low of $0.96 and a 1-year high of $2.90. The firm’s 50-day moving average price is $2.59 and its 200 day moving average price is $1.97.
In other news, Director Barry George Smith sold 205,000 shares of the firm’s stock in a transaction that occurred 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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