FY2024 EPS Estimate for Wesdome Gold Mines Raised by Analyst

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities researchers at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Wesdome Gold Mines in a note issued to investors on Monday, November 18th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.88 per share for the year, up from their previous estimate of $0.73. 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’ FY2026 earnings at $1.47 EPS, FY2027 earnings at $1.33 EPS and FY2028 earnings at $0.38 EPS.

WDO has been the subject of a number of other reports. Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. National Bankshares boosted their price target on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets raised their target price on Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Eight Capital boosted their price target on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th. Finally, Ventum Financial increased their price objective on Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.29.

Wesdome Gold Mines Price Performance

Shares of TSE:WDO opened at C$11.97 on Wednesday. The stock’s 50 day moving average is C$12.54 and its 200-day moving average is C$12.24. Wesdome Gold Mines has a twelve month low of C$7.03 and a twelve month high of C$14.99. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 46.04 and a beta of 0.85.

Insider Transactions at Wesdome Gold Mines

In other news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines 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. Also, Senior Officer Rajbir Gill sold 3,500 shares of the firm’s stock in a transaction that occurred 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. In the last ninety days, insiders sold 17,991 shares of company stock valued at $235,103. 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.