FY2017 Earnings Forecast for Raging River Exploration Inc Issued By Clarus Securities (RRX)

Raging River Exploration Inc (TSE:RRX) – Stock analysts at Clarus Securities boosted their FY2017 earnings estimates for shares of Raging River Exploration in a report released on Wednesday. Clarus Securities analyst R. Pare now forecasts that the firm will post earnings of $0.43 per share for the year, up from their previous forecast of $0.32.

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Earnings History and Estimates for Raging River Exploration (TSE:RRX)

RRX has been the topic of several other research reports. Scotiabank restated a “sector perform” rating and set a C$12.00 price objective on shares of Raging River Exploration in a research note on Tuesday, November 29th. CIBC upped their price objective on Raging River Exploration from C$13.00 to C$13.50 in a research note on Wednesday, January 25th. Royal Bank Of Canada restated an “outperform” rating and set a C$13.00 price objective on shares of Raging River Exploration in a research note on Wednesday, November 9th. TD Securities restated a “buy” rating and set a C$14.00 price objective on shares of Raging River Exploration in a research note on Wednesday, November 9th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a C$12.00 target price on shares of Raging River Exploration in a report on Tuesday, November 29th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$12.75.

Raging River Exploration (TSE:RRX) opened at 9.27 on Thursday. The company’s 50 day moving average is $9.74 and its 200-day moving average is $10.47. The company has a market capitalization of $2.14 billion and a price-to-earnings ratio of 215.58. Raging River Exploration has a 52-week low of $8.63 and a 52-week high of $11.87.

TRADEMARK VIOLATION NOTICE: “FY2017 Earnings Forecast for Raging River Exploration Inc Issued By Clarus Securities (RRX)” was reported by sleekmoney and is the property of of sleekmoney. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright law. The correct version of this news story can be accessed at http://sleekmoney.com/fy2017-earnings-forecast-for-raging-river-exploration-inc-issued-by-clarus-securities-rrx/1655847.html.

In other news, Director Kevin Olson purchased 10,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was purchased at an average cost of C$9.29 per share, with a total value of C$92,900.00. Also, Director Neil Jack Roszell purchased 100,000 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were purchased at an average cost of C$9.00 per share, with a total value of C$900,000.00.

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