FY2024 Earnings Estimate for TSE:WDO Issued By Desjardins

Wesdome Gold Mines Ltd. (TSE:WDO - Free Report) - Stock analysts at Desjardins decreased their FY2024 earnings estimates for Wesdome Gold Mines in a research report issued to clients and investors on Wednesday, November 6th. Desjardins analyst A. Carson now forecasts that the company will post earnings of $0.77 per share for the year, down from their previous 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.

A number of other research firms have also recently commented on WDO. 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. Ventum Financial increased their price objective on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Canaccord Genuity Group boosted their target price on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. National Bankshares increased 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 research report on Tuesday, August 20th. Finally, BMO Capital Markets boosted their price objective on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Two investment 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. According to MarketBeat, Wesdome Gold Mines presently has an average rating of "Moderate Buy" and an average target price of C$15.29.

Wesdome Gold Mines Stock Performance

TSE:WDO traded down C$0.58 during trading hours on Friday, reaching C$12.15. The company had a trading volume of 750,643 shares, compared to its average volume of 468,750. The firm has a market cap of C$1.82 billion, a price-to-earnings ratio of 48.96 and a beta of 0.85. 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 firm's 50 day moving average price is C$12.71 and its 200-day moving average price is C$12.19. Wesdome Gold Mines has a 52 week low of C$7.03 and a 52 week high of C$14.99.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$127.80 million for the quarter.

Insiders Place Their Bets

In related news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total value of C$66,850.00. In related news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm's stock in a transaction on 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 business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total transaction of C$43,645.00. Insiders have sold a total of 17,991 shares of company stock worth $235,103 in the last 90 days. 0.17% of the stock is currently owned by corporate 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.