Wesdome Gold Mines Ltd. (TSE:WDO) Forecasted to Post Q1 2024 Earnings of $0.03 Per Share

Wesdome Gold Mines Ltd. (TSE:WDO) – Analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Wesdome Gold Mines in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco anticipates that the company will earn $0.03 per share for the quarter. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.55 per share. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $0.60 EPS.

Wesdome Gold Mines (TSE:WDO) last released 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). Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. The business had revenue of C$102.22 million during the quarter.

Several other research firms have also recently weighed in on WDO. 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 dropped 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. Finally, Eight Capital increased their target price on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$11.33.

Wesdome Gold Mines Trading Up 3.3 %

TSE WDO opened at C$10.62 on Monday. Wesdome Gold Mines has a fifty-two week low of C$6.33 and a fifty-two week high of C$11.28. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92. The stock has a 50 day simple moving average of C$9.90 and a two-hundred day simple moving average of C$8.57. The stock has a market cap of C$1.58 billion, a P/E ratio of -265.50 and a beta of 0.75.

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.