National Bank Financial Comments on Wesdome Gold Mines Ltd.’s Q2 2024 Earnings (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Research analysts at National Bank Financial reduced their Q2 2024 earnings per share (EPS) estimates for Wesdome Gold Mines in a report released on Tuesday, July 16th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.13. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2024 earnings at $0.63 EPS and FY2025 earnings at $1.36 EPS.

A number of other brokerages also recently issued reports on WDO. National Bankshares increased their price objective on Wesdome Gold Mines from C$14.25 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. TD Securities reduced their target price on Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group increased their target price on Wesdome Gold Mines from C$8.50 to C$11.75 in a research note on Tuesday, April 23rd. CIBC increased their target price on Wesdome Gold Mines from C$14.00 to C$14.50 in a research note on Wednesday, July 10th. Finally, Eight Capital increased their target price on Wesdome Gold Mines from C$12.00 to C$15.00 in a research note on Thursday, July 11th. Two research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$12.70.

Wesdome Gold Mines Trading Down 1.7 %

Shares of WDO stock opened at C$13.04 on Thursday. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.37 and a current ratio of 0.99. Wesdome Gold Mines has a 52-week low of C$6.51 and a 52-week high of C$13.78. The company has a market capitalization of C$1.95 billion, a PE ratio of 442.33 and a beta of 0.75. The business’s fifty day moving average is C$11.59 and its 200 day moving average is C$10.11.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. Wesdome Gold Mines had a return on equity of 1.13% and a net margin of 1.36%. The company had revenue of C$100.92 million for the quarter.

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.