National Bank Financial Weighs in on Wesdome Gold Mines Ltd.’s Q1 2024 Earnings (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Stock analysts at National Bank Financial issued their Q1 2024 EPS estimates for Wesdome Gold Mines in a note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco forecasts that the company will earn $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.

Several other brokerages also recently weighed in on WDO. National Bankshares reduced their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday. Eight Capital raised their price objective 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. Finally, CIBC lifted their target price on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$11.25.

Wesdome Gold Mines Stock Down 8.1 %

Shares of TSE:WDO opened at C$10.28 on Monday. 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 fifty day simple moving average of C$9.86 and a two-hundred day simple moving average of C$8.55. Wesdome Gold Mines has a 12-month low of C$6.33 and a 12-month high of C$11.28. The stock has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -257.00 and a beta of 0.75.

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

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.