Research Analysts Set Expectations for TSE:WDO Q3 Earnings

Wesdome Gold Mines Ltd. (TSE:WDO - Free Report) - Stock analysts at National Bank Financial cut their Q3 2024 earnings per share estimates for Wesdome Gold Mines in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.14 per share 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.

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

Wesdome Gold Mines Trading Down 1.9 %

Shares of TSE WDO traded down C$0.25 during trading on Friday, reaching C$12.78. The stock had a trading volume of 239,848 shares, compared to its average volume of 467,216. Wesdome Gold Mines has a fifty-two week low of C$7.03 and a fifty-two week 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. The business's 50-day moving average price is C$12.94 and its 200-day moving average price is C$12.09. The company has a market cap of C$1.91 billion, a P/E ratio of 49.15 and a beta of 0.85.

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 for the quarter, beating analysts' consensus estimates of C$0.14 by C$0.05. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. The business had revenue of C$127.80 million during the quarter.

Insiders Place Their Bets

In other news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the business's 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. In other news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the business's 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 business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total value of C$43,645.00. Insiders sold 17,991 shares of company stock valued at $235,103 in the last ninety days. Insiders own 0.17% of the company's stock.

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.