Wesdome Gold Mines Ltd. (TSE:WDO – Get Rating) – Equities researchers at Pi Financial reduced their FY2022 earnings per share estimates for shares of Wesdome Gold Mines in a note issued to investors on Monday, August 22nd. Pi Financial analyst P. Ker now expects that the company will post earnings per share of $0.03 for the year, down from their previous forecast of $1.03. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.83 per share. Pi Financial also issued estimates for Wesdome Gold Mines’ FY2023 earnings at $0.27 EPS.
Wesdome Gold Mines (TSE:WDO – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.14). The company had revenue of C$61.93 million during the quarter.
Several other equities analysts have also issued reports on WDO. National Bankshares reduced their price target on Wesdome Gold Mines from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Monday, August 15th. Echelon Wealth Partners lowered Wesdome Gold Mines from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. TD Securities dropped their price objective on Wesdome Gold Mines from C$15.00 to C$14.50 and set a “buy” rating for the company in a report on Thursday, August 11th. Royal Bank of Canada dropped their price objective on Wesdome Gold Mines from C$17.00 to C$15.00 and set a “sector perform” rating for the company in a report on Monday, July 18th. Finally, Canaccord Genuity Group upgraded Wesdome Gold Mines to a “buy” rating and set a C$14.00 price objective for the company in a report on Monday, May 23rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Wesdome Gold Mines currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.64.
Wesdome Gold Mines Price Performance
WDO opened at C$8.56 on Wednesday. The stock’s 50 day simple moving average is C$10.54 and its 200 day simple moving average is C$12.71. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.93 and a quick ratio of 0.50. Wesdome Gold Mines has a 1 year low of C$8.26 and a 1 year high of C$16.77. The firm has a market cap of C$1.22 billion and a price-to-earnings ratio of 38.91.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company’s properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d’Or, Québec.
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