FY2024 EPS Forecast for Wesdome Gold Mines Lifted by Analyst

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities researchers at National Bank Financial boosted their FY2024 earnings estimates for shares of Wesdome Gold Mines in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.73 for the year, up from their previous forecast of $0.72. 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’ FY2025 earnings at $1.52 EPS.

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

Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock opened at C$12.78 on Thursday. The stock’s fifty day simple moving average is C$12.94 and its 200 day simple moving average is C$12.09. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The company has a market capitalization of C$1.91 billion, a PE ratio of 49.15 and a beta of 0.85. Wesdome Gold Mines has a 12 month low of C$7.03 and a 12 month high of C$14.99.

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

Insider Activity at Wesdome Gold Mines

In other news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total transaction of C$38,905.00. In other news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total transaction of C$38,905.00. Also, Senior Officer Rajbir Gill sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total transaction 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 owned by 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.