FY2024 EPS Estimates for Wesdome Gold Mines Ltd. Increased by Echelon Wealth Partners (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Echelon Wealth Partners upped their FY2024 earnings estimates for Wesdome Gold Mines in a note issued to investors on Tuesday, April 16th. Echelon Wealth Partners analyst R. Walker now anticipates that the company will post earnings of $0.79 per share for the year, up from their prior forecast of $0.76. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.55 per share.

Separately, CIBC increased their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday.

Wesdome Gold Mines Price Performance

WDO opened at C$11.05 on Thursday. Wesdome Gold Mines has a one year low of C$6.33 and a one year high of C$11.28. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37. The company’s 50 day simple moving average is C$9.80 and its 200-day simple moving average is C$8.47. The stock has a market capitalization of C$1.65 billion, a P/E ratio of -276.25 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The firm had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%.

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.