Wesdome Gold Mines (WDO) to Release Quarterly Earnings on Wednesday

Wesdome Gold Mines (TSE:WDO) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Wesdome Gold Mines to post earnings of C$0.02 per share for the quarter.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The company 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%.

Wesdome Gold Mines Stock Up 1.1 %

Shares of TSE:WDO opened at C$10.16 on Tuesday. The business has a fifty day simple moving average of C$10.17 and a 200 day simple moving average of C$8.76. Wesdome Gold Mines has a 12-month low of C$6.33 and a 12-month high of C$11.28. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94. The firm has a market cap of C$1.52 billion, a P/E ratio of -254.00 and a beta of 0.75.

Analysts Set New Price Targets

A number of brokerages recently commented on WDO. Eight Capital boosted their target price on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. CIBC lifted their price target on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. Canaccord Genuity Group lifted their price target on Wesdome Gold Mines from C$8.50 to C$11.75 in a research note on Tuesday, April 23rd. Finally, National Bankshares cut their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Wesdome Gold Mines presently has a consensus rating of “Hold” and an average price target of C$11.33.

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.