FY2024 EPS Estimates for TSE:WDO Boosted by Analyst

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities research analysts at National Bank Financial increased their FY2024 EPS estimates for Wesdome Gold Mines in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.73 for the year, up from their previous forecast of $0.72. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $1.52 EPS.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.05. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. The business had revenue of C$127.80 million during the quarter.

A number of other brokerages have also issued reports on WDO. CIBC increased their target price on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a research report on Wednesday, July 10th. National Bankshares increased their price objective on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their price objective on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Eight Capital upped their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. Finally, Ventum Financial lifted their price target on Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$14.38.

Wesdome Gold Mines Trading Down 1.9 %

Shares of Wesdome Gold Mines stock opened at C$12.78 on Thursday. Wesdome Gold Mines has a 52-week low of C$7.03 and a 52-week high of C$14.99. The stock has a market cap of C$1.91 billion, a PE ratio of 49.15 and a beta of 0.85. The firm has a 50-day moving average of C$12.94 and a 200-day moving average of C$12.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49.

Insider Transactions at Wesdome Gold Mines

In related news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$13.46, for a total transaction of C$67,300.00. In other Wesdome Gold Mines news, Senior Officer Rajbir Gill sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total value of C$43,645.00. Also, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$13.46, for a total transaction of C$67,300.00. Over the last ninety days, insiders sold 17,991 shares of company stock worth $235,103. Corporate insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.