Wesdome Gold Mines (WDO) Scheduled to Post Earnings on Wednesday

Wesdome Gold Mines (TSE:WDO) is scheduled to post its quarterly earnings results 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 posted its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter.

Wesdome Gold Mines Price Performance

TSE WDO opened at C$10.30 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94. 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 market capitalization of C$1.54 billion, a PE ratio of -257.50 and a beta of 0.75. The firm’s 50 day moving average is C$10.07 and its 200-day moving average is C$8.69.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. CIBC lifted their price objective on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Eight Capital raised their target price on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. National Bankshares decreased their target price on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Finally, Canaccord Genuity Group raised their target price on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wesdome Gold Mines has a consensus rating of “Hold” and a consensus 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.