TSE:WDO Q3 EPS Forecast Lowered by National Bank Financial

Wesdome Gold Mines Ltd. (TSE:WDO) – Analysts at National Bank Financial dropped their Q3 2024 earnings per share (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 $0.14 for the quarter, down from their prior estimate of $0.20. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$127.80 million during the quarter.

A number of other research analysts have also commented on WDO. BMO Capital Markets increased their price objective on Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Canaccord Genuity Group upped their price target on Wesdome Gold Mines from C$11.75 to C$14.00 in a research note on Tuesday, July 23rd. Eight Capital lifted their price objective on Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th. National Bankshares upped their target price on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Finally, Ventum Financial raised their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$14.38.

Wesdome Gold Mines Price Performance

WDO opened at C$12.78 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The company’s 50 day simple moving average is C$12.94 and its 200-day simple moving average is C$12.09. Wesdome Gold Mines has a one year low of C$7.03 and a one year high of C$14.99. The stock has a market capitalization of C$1.91 billion, a P/E ratio of 49.15 and a beta of 0.85.

Insider Buying and Selling at Wesdome Gold Mines

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

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.