FY2018 EPS Estimates for Wealth Minerals Ltd. Reduced by Zacks Investment Research (WML)

Wealth Minerals Ltd. (CVE:WML) – Research analysts at Zacks Investment Research decreased their FY2018 EPS estimates for shares of Wealth Minerals in a research note issued on Monday, April 16th. Zacks Investment Research analyst S. Ralston now anticipates that the company will post earnings per share of ($0.13) for the year, down from their prior estimate of ($0.09). Zacks Investment Research also issued estimates for Wealth Minerals’ FY2019 earnings at ($0.09) EPS.

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Separately, Fundamental Research set a C$1.93 price target on shares of Wealth Minerals and gave the stock a “buy” rating in a research note on Tuesday.

Shares of Wealth Minerals stock opened at C$1.52 on Thursday. Wealth Minerals has a 52-week low of C$1.16 and a 52-week high of C$2.34.

In other Wealth Minerals news, Director Leonard Harris sold 40,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$1.28, for a total transaction of C$51,200.00. Also, insider David Allen Cross sold 50,000 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of C$1.78, for a total transaction of C$89,000.00.

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About Wealth Minerals

Wealth Minerals Ltd., a junior mineral resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico, Peru, and Canada. It explores for lithium, precious metals, and copper. The company primarily holds option agreements to acquire interests in various lithium projects, including the exploration concessions covering the Salar de Aguas Calientes Norte, and portions of the Salar de Pujsa and Salar de Quisquiro in Chile.

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