Wesdome Gold Mines (TSE:WDO) Releases Quarterly Earnings Results

Wesdome Gold Mines (TSE:WDO) posted its quarterly earnings data on Wednesday. The company reported C$0.78 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$287.88 million for the quarter. Wesdome Gold Mines had a return on equity of 41.65% and a net margin of 35.69%.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$23.97 on Thursday. Wesdome Gold Mines has a 12 month low of C$14.44 and a 12 month high of C$27.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.79 and a quick ratio of 0.37. The firm has a market capitalization of C$3.62 billion, a PE ratio of 12.55 and a beta of 1.15. The business’s fifty day moving average price is C$24.42 and its 200 day moving average price is C$22.36.

Analysts Set New Price Targets

WDO has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. National Bank Financial lowered Wesdome Gold Mines from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$31.00 to C$28.00 in a research report on Wednesday, February 4th. TD Securities lifted their price objective on Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$27.00 to C$28.00 in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Wesdome Gold Mines has an average rating of “Hold” and an average price target of C$26.86.

Wesdome Gold Mines Company Profile

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.