Wesdome Gold Mines Ltd. Forecasted to Earn Q1 2024 Earnings of $0.09 Per Share (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Desjardins issued their Q1 2024 earnings per share estimates for Wesdome Gold Mines in a report released on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will post earnings of $0.09 per share for the quarter. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.55 per share.

Several other equities analysts have also commented on the company. CIBC upped their price target on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. Canaccord Genuity Group upped their price target on Wesdome Gold Mines from C$8.50 to C$11.75 in a research note on Tuesday. National Bankshares decreased their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Finally, Eight Capital increased their target price on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a “neutral” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$11.33.

Wesdome Gold Mines Stock Performance

TSE WDO opened at C$10.82 on Friday. The stock’s fifty day moving average is C$9.97 and its two-hundred day moving average is C$8.60. The firm has a market capitalization of C$1.61 billion, a P/E ratio of -270.50 and a beta of 0.75. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92. Wesdome Gold Mines has a fifty-two week low of C$6.33 and a fifty-two week high of C$11.28.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). The company had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%.

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.