Clarus Securities Research Analysts Lift Earnings Estimates for Wesdome Gold Mines Ltd (WDO)

Wesdome Gold Mines Ltd (TSE:WDO) – Analysts at Clarus Securities increased their FY2017 EPS estimates for Wesdome Gold Mines in a note issued to investors on Thursday. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings per share of $0.16 for the year, up from their prior estimate of $0.15.

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Earnings History and Estimates for Wesdome Gold Mines (TSE:WDO)

A number of other equities research analysts have also recently weighed in on WDO. Eight Capital restated 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. National Bank Financial lifted 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.

Wesdome Gold Mines (TSE:WDO) traded down 0.98% during trading on Monday, hitting $3.03. 57,000 shares of the stock were exchanged. The stock’s 50 day moving average is $3.66 and its 200-day moving average is $3.04. The company has a market cap of $395.68 million and a price-to-earnings ratio of 50.50. Wesdome Gold Mines has a one year low of $1.47 and a one year high of $4.40.

In related news, Director Rowland Wallace Uloth sold 200,000 shares of Wesdome Gold Mines stock in a transaction dated Friday, March 24th. The stock was 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 dated Thursday, March 23rd. The stock was sold at an average price of C$0.90, for a total value of C$225,000.00. Over the last ninety days, insiders have sold 785,000 shares of company stock worth $2,372,450.

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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