Equities Analysts Offer Predictions for Wesdome Gold Mines Ltd.’s Q1 2024 Earnings (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Desjardins issued their Q1 2024 earnings per share (EPS) estimates for Wesdome Gold Mines in a note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings of $0.09 per share for the quarter. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.55 per share.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The firm 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%.

WDO has been the topic of several other reports. Eight Capital boosted their price target on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. CIBC boosted their price target on Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Canaccord Genuity Group lifted their price objective on Wesdome Gold Mines from C$8.50 to C$11.75 in a research note on Tuesday, April 23rd. Finally, National Bankshares cut their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Wesdome Gold Mines currently has a consensus rating of “Hold” and a consensus target price of C$11.33.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$10.92 on Friday. The stock has a market cap of C$1.63 billion, a P/E ratio of -273.00 and a beta of 0.75. 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’s 50-day moving average is C$10.01 and its 200-day moving average is C$8.63. Wesdome Gold Mines has a 1-year low of C$6.33 and a 1-year high of C$11.28.

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.