TSE:WDO FY2024 EPS Increased by National Bank Financial

Wesdome Gold Mines Ltd. (TSE:WDO) – Research analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of Wesdome Gold Mines in a research report issued to clients and investors on Monday, November 18th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.88 per share for the year, up from their previous forecast of $0.73. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2026 earnings at $1.47 EPS, FY2027 earnings at $1.33 EPS and FY2028 earnings at $0.38 EPS.

A number of other equities research analysts have also commented on the company. Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. National Bankshares raised their target price on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets upped their price objective on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Ventum Financial raised their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Finally, Eight Capital boosted their price target on Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.29.

Wesdome Gold Mines Stock Up 0.9 %

Shares of TSE WDO opened at C$11.97 on Wednesday. The business has a fifty day moving average of C$12.54 and a two-hundred day moving average of C$12.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. Wesdome Gold Mines has a 52-week low of C$7.03 and a 52-week high of C$14.99. The stock has a market cap of C$1.79 billion, a PE ratio of 46.04 and a beta of 0.85.

Insider Buying and Selling at Wesdome Gold Mines

In related news, Director Anthea Ingrid Bath bought 4,250 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$13.46, for a total value of C$67,300.00. Insiders sold a total of 17,991 shares of company stock worth $235,103 over the last quarter. 0.17% of the stock is currently owned by insiders.

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.