Wesdome Gold Mines Ltd (TSE:WDO) – Equities researchers at National Bank Financial reduced their FY2018 earnings estimates for shares of Wesdome Gold Mines in a research note issued on Thursday, November 8th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.15 per share for the year, down from their previous estimate of $0.17. National Bank Financial has a “Outperform” rating and a $4.50 price objective on the stock. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2020 earnings at $0.34 EPS.
Several other equities analysts have also recently weighed in on the stock. Pi Financial dropped their price target on shares of Wesdome Gold Mines from C$4.15 to C$3.75 and set a “buy” rating on the stock in a research report on Friday, September 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a C$5.00 price target on shares of Wesdome Gold Mines in a research report on Thursday, October 18th. Finally, Eight Capital raised their price target on shares of Wesdome Gold Mines from C$3.00 to C$4.70 in a research report on Monday, July 23rd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Wesdome Gold Mines presently has a consensus rating of “Buy” and a consensus target price of C$4.39.
In other news, Director Warwick Morley-Jepson bought 20,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were purchased at an average price of C$3.24 per share, with a total value of C$64,800.00.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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