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 estimates for Wesdome Gold Mines in a research report issued on Thursday, April 18th. National Bank Financial analyst D. Demarco anticipates that the company will post earnings of $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 posted its earnings results on Tuesday, March 12th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates 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.

Several other analysts have also recently issued reports on WDO. Eight Capital upped their price target on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a report on Monday. CIBC upped their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Canaccord Genuity Group upped their price target on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a report on Tuesday. Finally, National Bankshares cut their price target on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. Three investment 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, Wesdome Gold Mines currently has an average 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. The company’s fifty day simple moving average is C$9.90 and its 200-day simple moving average is C$8.57. Wesdome Gold Mines has a 52 week low of C$6.33 and a 52 week 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 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.