Desjardins Analysts Increase Earnings Estimates for TSE:WDO

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities research analysts at Desjardins boosted their FY2027 earnings per share estimates for Wesdome Gold Mines in a research report issued on Wednesday, August 13th. Desjardins analyst A. Carson now anticipates that the company will post earnings of $3.09 per share for the year, up from their prior forecast of $2.75. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share.

WDO has been the topic of a number of other reports. Stifel Nicolaus lowered Wesdome Gold Mines from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$24.00 to C$20.50 in a research note on Friday. National Bankshares boosted their price target on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Stifel Canada lowered Wesdome Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Royal Bank Of Canada boosted their price target on Wesdome Gold Mines from C$19.00 to C$22.00 in a research note on Wednesday, June 4th. Finally, Canaccord Genuity Group raised Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.70.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock opened at C$16.35 on Monday. The stock’s 50 day moving average is C$18.03 and its 200 day moving average is C$16.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The firm has a market cap of C$2.48 billion, a P/E ratio of 30.51 and a beta of 0.85. Wesdome Gold Mines has a one year low of C$10.89 and a one year high of C$20.24.

Insider Activity

In other news, Senior Officer Kevin Lonergan sold 1,484 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$18.21, for a total transaction of C$27,023.64. Also, Senior Officer Rajbir Gill sold 10,822 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of C$18.56, for a total value of C$200,856.32. Insiders sold a total of 29,827 shares of company stock worth $556,297 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.