Echelon Wealth Partners Comments on Wesdome Gold Mines Ltd.’s Q1 2024 Earnings (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities researchers at Echelon Wealth Partners issued their Q1 2024 earnings per share (EPS) estimates for shares of Wesdome Gold Mines in a note issued to investors on Monday, April 29th. Echelon Wealth Partners analyst R. Walker expects that the company will earn $0.08 per share for the quarter. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.55 per share. Echelon Wealth Partners also issued estimates for Wesdome Gold Mines’ Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.62 EPS and FY2025 earnings at $0.78 EPS.

Several other analysts have also recently commented on WDO. National Bankshares lowered their target price on Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday, April 19th. CIBC raised their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th. Eight Capital raised their target price on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group raised their target price on Wesdome Gold Mines from C$8.50 to C$11.75 in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Wesdome Gold Mines presently has an average rating of “Hold” and a consensus price target of C$11.33.

Wesdome Gold Mines Stock Down 2.0 %

Shares of Wesdome Gold Mines stock opened at C$10.05 on Thursday. Wesdome Gold Mines has a twelve month low of C$6.33 and a twelve month high of C$11.28. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94. The stock has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -251.25 and a beta of 0.75. The business’s 50 day simple moving average is C$10.14 and its 200-day simple moving average is C$8.73.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). The company had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%.

About Wesdome Gold Mines

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.