National Bank Financial Weighs in on TSE:WDO Q4 Earnings

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities research analysts at National Bank Financial boosted their Q4 2024 EPS estimates for Wesdome Gold Mines in a research report issued to clients and investors on Monday, November 18th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.36 per share for the quarter, up from their prior estimate of $0.25. 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’ FY2025 earnings at $1.50 EPS.

A number of other equities research analysts also recently weighed in on WDO. Eight Capital raised their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. BMO Capital Markets lifted their target price on Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Ventum Financial increased their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. National Bankshares lifted their price target on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Finally, Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st. Two research 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, Wesdome Gold Mines currently has an average rating of “Moderate Buy” and a consensus target price of C$15.29.

Wesdome Gold Mines Stock Up 0.3 %

WDO stock opened at C$12.01 on Thursday. Wesdome Gold Mines has a 52 week low of C$7.03 and a 52 week high of C$14.99. The business has a 50-day simple moving average of C$12.53 and a 200 day simple moving average of C$12.25. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44. The company has a market cap of C$1.80 billion, a PE ratio of 46.04 and a beta of 0.85.

Insider Buying and Selling at Wesdome Gold Mines

In other Wesdome Gold Mines news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total value of C$66,850.00. Also, Director Anthea Ingrid Bath acquired 4,250 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of C$11.83 per share, for a total transaction of C$50,277.50. Over the last quarter, insiders have sold 12,991 shares of company stock valued at $167,803. 0.17% of the stock is currently owned by insiders.

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.