Brokers Set Expectations for TSE:WDO FY2024 Earnings

Wesdome Gold Mines Ltd. (TSE:WDO) – Analysts at Ventum Cap Mkts issued their FY2024 earnings estimates for shares of Wesdome Gold Mines in a report issued on Tuesday, January 14th. Ventum Cap Mkts analyst P. Ker expects that the company will post earnings per share of $0.88 for the year. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share.

Separately, Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$15.29.

Wesdome Gold Mines Stock Up 2.6 %

TSE WDO opened at C$13.57 on Friday. Wesdome Gold Mines has a twelve month low of C$7.36 and a twelve month high of C$14.99. The stock has a market cap of C$2.03 billion, a PE ratio of 52.19 and a beta of 0.85. The firm has a 50-day simple moving average of C$12.74 and a 200 day simple moving average of C$12.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49.

Insider Buying and Selling

In related news, Director Anthea Ingrid Bath acquired 4,250 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of C$11.83 per share, with a total value of C$50,277.50. Also, Senior Officer Rajbir Gill bought 2,213 shares of Wesdome Gold Mines stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of C$11.65 per share, with a total value of C$25,781.45. Company insiders own 0.17% of the company’s stock.

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.