FY2024 EPS Estimates for Wesdome Gold Mines Ltd. Increased by Echelon Wealth Partners (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO) – Echelon Wealth Partners lifted their FY2024 EPS estimates for Wesdome Gold Mines in a research note issued to investors on Tuesday, April 16th. Echelon Wealth Partners analyst R. Walker now forecasts that the company will post earnings per share of $0.79 for the year, up from their prior forecast of $0.76. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.55 per share.

Separately, CIBC lifted their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday.

Wesdome Gold Mines Price Performance

Shares of WDO opened at C$11.05 on Thursday. Wesdome Gold Mines has a 1-year low of C$6.33 and a 1-year high of C$11.28. The stock has a market cap of C$1.65 billion, a PE ratio of -276.25 and a beta of 0.75. The firm has a 50-day simple moving average of C$9.80 and a two-hundred day simple moving average of C$8.47. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings results 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). Wesdome Gold Mines had a negative net margin of 1.86% and a negative return on equity of 1.50%. The company had revenue of C$102.22 million for the quarter.

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.