National Bank Financial Comments on TSE:WDO FY2024 Earnings

Wesdome Gold Mines Ltd. (TSE:WDO - Free Report) - Analysts at National Bank Financial increased their FY2024 earnings per share estimates for Wesdome Gold Mines in a research report issued to clients and 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 estimate 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.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.19 earnings per share (EPS) 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 return on equity of 8.68% and a net margin of 9.74%.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research note on Tuesday, July 23rd. Eight Capital increased their target price on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. BMO Capital Markets increased their target price on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. National Bankshares increased 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. Finally, CIBC increased their target price on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a research note on Wednesday, July 10th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$14.38.

Wesdome Gold Mines Stock Performance

Shares of WDO stock traded down C$0.09 during mid-day trading on Thursday, hitting C$13.03. 435,134 shares of the stock were exchanged, compared to its average volume of 468,320. The stock's fifty day simple moving average is C$12.99 and its two-hundred day simple moving average is C$12.06. The stock has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 50.46 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. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49.

Insider Activity at Wesdome Gold Mines

In related news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total value of C$38,905.00. In other news, Senior Officer Rajbir Gill sold 3,500 shares of Wesdome Gold Mines stock in a transaction that occurred 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. Also, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of Wesdome Gold Mines stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total transaction of C$38,905.00. Insiders sold a total of 17,991 shares of company stock worth $235,103 over the last 90 days. Company 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.