Wesdome Gold Mines Ltd. Expected to Post FY2024 Earnings of $0.76 Per Share (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Research analysts at Echelon Wealth Partners lowered their FY2024 earnings per share (EPS) estimates for Wesdome Gold Mines in a research note issued to investors on Monday, April 8th. Echelon Wealth Partners analyst R. Walker now expects that the company will earn $0.76 per share for the year, down from their prior forecast of $0.79. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.58 per share.

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

Separately, CIBC set a C$12.00 price target on Wesdome Gold Mines and gave the company an “outperform” rating in a research note on Monday, March 18th.

Wesdome Gold Mines Price Performance

Shares of Wesdome Gold Mines stock opened at C$10.53 on Thursday. The stock has a 50 day moving average of C$9.63 and a 200 day moving average of C$8.35. Wesdome Gold Mines has a 12 month low of C$6.33 and a 12 month high of C$11.28. The firm has a market cap of C$1.57 billion, a PE ratio of -262.50 and a beta of 0.73. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94.

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.