Desjardins Expects Stronger Earnings for Wesdome Gold Mines

Wesdome Gold Mines Ltd. (TSE:WDO) – Desjardins boosted their FY2025 earnings per share estimates for shares of Wesdome Gold Mines in a note issued to investors on Wednesday, October 1st. Desjardins analyst A. Carson now anticipates that the company will post earnings of $2.18 per share for the year, up from their prior estimate of $1.94. 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 Canada cut Wesdome Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Stifel Nicolaus cut Wesdome Gold Mines from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$24.00 to C$20.50 in a research note on Friday, August 15th. Finally, Canaccord Genuity Group boosted their price objective on Wesdome Gold Mines from C$21.50 to C$22.50 in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Wesdome Gold Mines presently has an average rating of “Moderate Buy” and an average target price of C$22.20.

Wesdome Gold Mines Trading Down 2.0%

Shares of Wesdome Gold Mines stock opened at C$22.06 on Friday. Wesdome Gold Mines has a 52-week low of C$10.89 and a 52-week high of C$22.91. The stock’s 50-day simple moving average is C$18.54 and its 200 day simple moving average is C$18.01. The stock has a market capitalization of C$3.33 billion, a P/E ratio of 13.79 and a beta of 0.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.

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.