Desjardins Weighs in on Wesdome Gold Mines Ltd.’s Q1 2024 Earnings (TSE:WDO)

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

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

WDO has been the subject of a number of other research reports. CIBC upped their target price on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Canaccord Genuity Group upped their target price on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a report on Tuesday. Eight Capital upped their target price on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Finally, National Bankshares dropped their target price on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$11.33.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock opened at C$10.92 on Friday. Wesdome Gold Mines has a 52-week low of C$6.33 and a 52-week high of C$11.28. The firm has a market capitalization of C$1.63 billion, a price-to-earnings ratio of -273.00 and a beta of 0.75. The company has a fifty day simple moving average of C$10.01 and a 200-day simple moving average of C$8.62. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94.

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.