Q4 EPS Forecast for Wesdome Gold Mines Raised by Analyst

Wesdome Gold Mines Ltd. (TSE:WDO) – Equities research analysts at National Bank Financial lifted their Q4 2024 earnings estimates for Wesdome Gold Mines in a research note issued on Monday, November 18th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.36 per share for the quarter, up from their previous estimate of $0.25. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $1.50 EPS.

A number of other analysts have also issued reports on the company. National Bankshares raised their price target on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their target price on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a report on Thursday, August 15th. Ventum Financial increased their price target on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Finally, Eight Capital boosted their price objective on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$15.29.

Wesdome Gold Mines Trading Up 0.7 %

Shares of Wesdome Gold Mines stock opened at C$12.09 on Thursday. Wesdome Gold Mines has a fifty-two week low of C$7.03 and a fifty-two week high of C$14.99. The business’s fifty day moving average is C$12.51 and its two-hundred day moving average is C$12.26. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44. The firm has a market cap of C$1.81 billion, a PE ratio of 46.31 and a beta of 0.85.

Insider Transactions at Wesdome Gold Mines

In related news, Director Anthea Ingrid Bath purchased 4,250 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total transaction of C$66,850.00. Insiders sold 12,991 shares of company stock valued at $167,803 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

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.