Desjardins Has Positive Outlook of TSE:WDO FY2024 Earnings

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities researchers at Desjardins lifted their FY2024 EPS estimates for shares of Wesdome Gold Mines in a research note issued on Tuesday, January 14th. Desjardins analyst A. Carson now forecasts that the company will earn $0.88 per share for the year, up from their prior forecast of $0.77. Desjardins has a “Hold” rating on the stock. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. Desjardins also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $1.42 EPS, FY2026 earnings at $1.76 EPS and FY2027 earnings at $1.47 EPS.

Wesdome Gold Mines Stock Performance

WDO opened at C$13.57 on Friday. Wesdome Gold Mines has a 1-year low of C$7.36 and a 1-year high of C$14.99. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 52.19 and a beta of 0.85. The business has a 50 day moving average price of C$12.74 and a two-hundred day moving average price of C$12.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37.

Insider Activity

In related news, Director Anthea Ingrid Bath bought 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, with a total value of C$50,277.50. Also, Senior Officer Rajbir Gill purchased 2,213 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of C$11.65 per share, for a total transaction of C$25,781.45. Insiders own 0.17% of the company’s stock.

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.