Wesdome Gold Mines Ltd. Forecasted to Post FY2024 Earnings of $0.79 Per Share (TSE:WDO)

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

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

WDO has been the topic of several other research reports. National Bankshares decreased their target price on Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday. CIBC increased their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th.

Wesdome Gold Mines Price Performance

WDO opened at C$11.18 on Thursday. The stock’s 50-day moving average price is C$9.84 and its 200 day moving average price is C$8.50. 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 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$1.67 billion, a price-to-earnings ratio of -279.50 and a beta of 0.75.

Wesdome Gold Mines Company Profile

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.