Equities Analysts Offer Predictions for Wesdome Gold Mines Ltd.’s Q1 2024 Earnings (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDOFree Report) – Investment analysts at Desjardins issued their Q1 2024 earnings per share estimates for shares of Wesdome Gold Mines in a report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings per share of $0.09 for the quarter. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.55 per share.

Other analysts have also issued research reports about the company. CIBC increased their price objective on Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. National Bankshares decreased their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. Canaccord Genuity Group increased their price objective on Wesdome Gold Mines from C$8.50 to C$11.75 in a report on Tuesday, April 23rd. Finally, Eight Capital increased their price objective on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Wesdome Gold Mines presently has an average rating of “Hold” and a consensus price target of C$11.33.

Check Out Our Latest Research Report on Wesdome Gold Mines

Wesdome Gold Mines Stock Performance

Shares of WDO opened at C$10.92 on Friday. Wesdome Gold Mines has a 12 month low of C$6.33 and a 12 month high of C$11.28. The stock has a fifty day moving average price of C$10.01 and a 200-day moving average price of C$8.63. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94. The firm has a market cap of C$1.63 billion, a PE ratio of -273.00 and a beta of 0.75.

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

Wesdome Gold Mines Company Profile

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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.

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Earnings History and Estimates for Wesdome Gold Mines (TSE:WDO)

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