Raging River Exploration Inc (RRX) to Post Q4 2016 Earnings of $0.04 Per Share, Beacon Securities Forecasts

Raging River Exploration Inc (TSE:RRX) – Stock analysts at Beacon Securities cut their Q4 2016 earnings per share estimates for Raging River Exploration in a research report issued to clients and investors on Wednesday. Beacon Securities analyst L. Dunkley now anticipates that the firm will earn $0.04 per share for the quarter, down from their previous estimate of $0.05.

Several other analysts have also commented on RRX. Scotiabank reaffirmed a “sector perform” rating and set a C$12.00 price target on shares of Raging River Exploration in a research report on Thursday, December 15th. Desjardins lifted their price target on shares of Raging River Exploration from C$13.00 to C$14.00 in a research report on Wednesday, December 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$13.00 price target on shares of Raging River Exploration in a research report on Friday, December 16th. TD Securities reaffirmed a “buy” rating and set a C$14.00 price target on shares of Raging River Exploration in a research report on Wednesday, November 9th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a C$12.00 price target on shares of Raging River Exploration in a research report on Tuesday, November 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$12.75.

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

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Shares of Raging River Exploration (TSE:RRX) opened at 9.27 on Monday. The company has a market cap of $2.14 billion and a PE ratio of 215.58. The firm’s 50-day moving average price is $9.74 and its 200 day moving average price is $10.47. Raging River Exploration has a 12 month low of $8.63 and a 12 month high of $11.87.

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

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