Raymond James Financial Equities Analysts Reduce Earnings Estimates for Mandalay Resources Corp. (MND)

Mandalay Resources Corp. (TSE:MND) – Equities researchers at Raymond James Financial reduced their FY2016 earnings per share estimates for shares of Mandalay Resources Corp. in a research note issued on Friday. Raymond James Financial analyst C. Thompson now forecasts 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 several other research reports. Scotiabank reissued an “outperform” rating and set a C$1.45 price target on shares of Mandalay Resources Corp. in a report on Thursday, September 8th. Desjardins reduced their price target on shares of 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 1.07 on Monday. The firm’s 50 day moving average is $1.11 and its 200 day moving average is $1.06. The firm has a market capitalization of $482.24 million and a PE ratio of 133.75. Mandalay Resources Corp. has a 1-year low of $0.59 and a 1-year high of $1.27.

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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