Wesdome Gold Mines Ltd. (TSE:WDO – Get Rating) – Research analysts at Echelon Wealth Partners decreased their FY2023 earnings per share (EPS) estimates for shares of Wesdome Gold Mines in a report issued on Wednesday, May 24th. Echelon Wealth Partners analyst R. Walker now expects that the company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.41. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.05 per share.
WDO has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price target on Wesdome Gold Mines from C$6.00 to C$6.50 in a research report on Monday, March 13th. TD Securities decreased their target price on Wesdome Gold Mines from C$9.50 to C$9.00 and set a “buy” rating for the company in a research report on Thursday, February 23rd. Pi Financial dropped their price target on shares of Wesdome Gold Mines from C$6.40 to C$6.15 in a research report on Tuesday, February 7th. Finally, National Bankshares raised their target price on shares of Wesdome Gold Mines from C$8.75 to C$11.00 in a research note on Tuesday, April 18th.
Wesdome Gold Mines Stock Down 2.9 %
Wesdome Gold Mines (TSE:WDO – Get Rating) last posted its earnings results on Wednesday, February 22nd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.04). The business had revenue of C$75.04 million for the quarter, compared to the consensus estimate of C$83.00 million.
Insider Activity at Wesdome Gold Mines
In other Wesdome Gold Mines news, Senior Officer Lindsay Jean Maria Carpenter sold 38,609 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of C$7.31, for a total value of C$282,231.79. In other news, Director Warwick Morley-Jepson purchased 10,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was purchased at an average price of C$6.70 per share, with a total value of C$67,000.00. Also, Senior Officer Lindsay Jean Maria Carpenter sold 38,609 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of C$7.31, for a total value of C$282,231.79. Corporate insiders own 0.26% of the company’s stock.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec.
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