National Bank Financial Forecasts TSE:WDO FY2024 Earnings

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Wesdome Gold Mines in a research report issued to clients and investors on Monday, November 18th. National Bank Financial analyst D. Demarco now forecasts that the company will earn $0.88 per share for the year, up from their prior forecast of $0.73. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2026 earnings at $1.47 EPS, FY2027 earnings at $1.33 EPS and FY2028 earnings at $0.38 EPS.

WDO has been the topic of a number of other reports. Ventum Financial upped their price objective on Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. BMO Capital Markets upped their price objective on Wesdome Gold Mines from C$14.00 to C$18.00 in a report on Thursday, August 15th. National Bankshares upped their price objective on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st. Finally, Eight Capital upped their price target on Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wesdome Gold Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.29.

Wesdome Gold Mines Trading Up 0.3 %

WDO opened at C$12.01 on Wednesday. Wesdome Gold Mines has a one year low of C$7.03 and a one year high of C$14.99. The stock has a market capitalization of C$1.80 billion, a PE ratio of 46.04 and a beta of 0.85. The business’s 50 day moving average price is C$12.53 and its 200 day moving average price is C$12.25. 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 Activity at Wesdome Gold Mines

In other Wesdome Gold Mines news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$13.37, for a total transaction of C$66,850.00. Also, Senior Officer Rajbir Gill bought 2,213 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of C$11.65 per share, with a total value of C$25,781.45. Insiders have sold 12,991 shares of company stock valued at $167,803 over the last quarter. 0.17% of the stock is owned by insiders.

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.