Wesdome Gold Mines (WDO) to Release Earnings on Wednesday

Wesdome Gold Mines (TSE:WDO) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.02 per share for the quarter.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter.

Wesdome Gold Mines Stock Down 2.0 %

WDO stock opened at C$10.05 on Monday. The company’s 50 day moving average price is C$10.14 and its 200 day moving average price is C$8.74. The firm has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -251.25 and a beta of 0.75. Wesdome Gold Mines has a fifty-two week low of C$6.33 and a fifty-two week high of C$11.28. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92.

Analyst Upgrades and Downgrades

WDO has been the topic of a number of recent analyst reports. National Bankshares dropped their price objective on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday, April 19th. Canaccord Genuity Group lifted their price target on Wesdome Gold Mines from C$8.50 to C$11.75 in a report on Tuesday, April 23rd. CIBC increased their price objective on Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Finally, Eight Capital raised 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 report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$11.33.

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.