Desjardins Has Optimistic Outlook of TSE:WDO FY2024 Earnings

Posted by Joseph Griffin on Jan 19th, 2025

Wesdome Gold Mines Ltd. (TSE:WDO – Free Report) – Equities research analysts at Desjardins upped their FY2024 EPS estimates for shares of Wesdome Gold Mines in a note issued to investors on Tuesday, January 14th. Desjardins analyst A. Carson now forecasts that the company will earn $0.88 per share for the year, up from their previous estimate of $0.77. Desjardins has a “Hold” rating on the stock. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. Desjardins also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $1.42 EPS, FY2026 earnings at $1.76 EPS and FY2027 earnings at $1.47 EPS.

Wesdome Gold Mines Stock Performance

WDO stock opened at C$13.57 on Friday. The stock’s 50 day simple moving average is C$12.74 and its 200 day simple moving average is C$12.82. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. Wesdome Gold Mines has a 12-month low of C$7.36 and a 12-month high of C$14.99. The stock has a market capitalization of C$2.03 billion, a PE ratio of 52.19 and a beta of 0.85.

Insider Buying and Selling at Wesdome Gold Mines

In other news, Senior Officer Rajbir Gill bought 2,213 shares of Wesdome Gold Mines stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of C$11.65 per share, with a total value of C$25,781.45. Also, Director Anthea Ingrid Bath purchased 4,250 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of C$11.83 per share, for a total transaction of C$50,277.50. 0.17% of the stock is owned by corporate insiders.

Wesdome Gold Mines Company Profile

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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.