TSE:WDO Q4 EPS Forecast Increased by National Bank Financial

Wesdome Gold Mines Ltd. (TSE:WDO) – Analysts at National Bank Financial lifted their Q4 2024 EPS estimates for shares of Wesdome Gold Mines in a report released on Monday, November 18th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.25. 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’ FY2025 earnings at $1.50 EPS.

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

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$11.97 on Thursday. The firm has a market capitalization of C$1.79 billion, a PE ratio of 46.04 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The business’s fifty day moving average price is C$12.54 and its 200 day moving average price is C$12.24. Wesdome Gold Mines has a 12 month low of C$7.03 and a 12 month high of C$14.99.

Insider Buying and Selling at Wesdome Gold Mines

In other news, Senior Officer Rajbir Gill purchased 2,213 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Also, Director Anthea Ingrid Bath purchased 4,250 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of C$11.83 per share, with a total value of C$50,277.50. Over the last three months, insiders sold 17,991 shares of company stock valued at $235,103. Corporate 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.