Desjardins Lifts Earnings Estimates for Wesdome Gold Mines

Wesdome Gold Mines Ltd. (TSE:WDO) – Research analysts at Desjardins lifted their FY2025 earnings estimates for shares of Wesdome Gold Mines in a research note issued to investors on Wednesday, March 19th. Desjardins analyst A. Carson now expects that the company will post earnings per share of $1.44 for the year, up from their prior forecast of $1.42. Desjardins has a “Buy” rating and a $18.00 price target 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’ FY2026 earnings at $1.65 EPS and FY2027 earnings at $1.45 EPS.

Separately, TD Securities raised Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$15.63.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO opened at C$15.82 on Friday. The firm’s 50 day simple moving average is C$14.49 and its 200-day simple moving average is C$13.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. Wesdome Gold Mines has a one year low of C$9.49 and a one year high of C$16.27. The firm has a market cap of C$2.40 billion, a PE ratio of 29.52 and a beta of 0.85.

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.