Desjardins Predicts Reduced Earnings for Wesdome Gold Mines

Wesdome Gold Mines Ltd. (TSE:WDO) – Research analysts at Desjardins cut their FY2024 earnings estimates for shares of Wesdome Gold Mines in a note issued to investors on Wednesday, November 6th. Desjardins analyst A. Carson now expects that the company will earn $0.77 per share for the year, down from their prior estimate of $0.79. Desjardins has a “Hold” rating on the stock. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. Desjardins also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $1.02 EPS.

WDO has been the subject of several other research reports. Ventum Financial raised their price target on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. National Bankshares raised their target price on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Eight Capital boosted their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. Canaccord Genuity Group boosted their target price on Wesdome Gold Mines from C$11.75 to C$14.00 in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their target price on Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$15.29.

Wesdome Gold Mines Trading Up 7.2 %

Shares of WDO stock opened at C$12.73 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. The company has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 48.96 and a beta of 0.85. Wesdome Gold Mines has a 52-week low of C$7.03 and a 52-week high of C$14.99. The company has a 50-day simple moving average of C$12.71 and a two-hundred day simple moving average of C$12.19.

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

Insider Activity at Wesdome Gold Mines

In related news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$13.37, for a total transaction of C$66,850.00. In related news, Senior Officer Rajbir Gill sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$12.47, for a total transaction of C$43,645.00. Also, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$13.37, for a total value of C$66,850.00. In the last three months, insiders have sold 17,991 shares of company stock worth $235,103. 0.17% of the stock is owned by company insiders.

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.