FY2024 Earnings Forecast for Wesdome Gold Mines Ltd. Issued By Echelon Wealth Partners (TSE:WDO)

Wesdome Gold Mines Ltd. (TSE:WDO – Get Rating) – Stock analysts at Echelon Wealth Partners decreased their FY2024 earnings per share (EPS) estimates for shares of Wesdome Gold Mines in a note issued to investors on Thursday, November 10th. Echelon Wealth Partners analyst R. Walker now forecasts that the company will post earnings per share of $0.96 for the year, down from their prior forecast of $1.02. Echelon Wealth Partners has a “Hold” rating on the stock. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $0.65 per share.

WDO has been the topic of a number of other research reports. Eight Capital reduced their target price on Wesdome Gold Mines from C$17.50 to C$15.00 in a report on Wednesday, October 26th. TD Securities reduced their target price on Wesdome Gold Mines from C$12.50 to C$11.50 and set a “buy” rating on the stock in a report on Thursday. National Bankshares reduced their target price on Wesdome Gold Mines from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Monday, October 17th. Canaccord Genuity Group reduced their target price on Wesdome Gold Mines from C$10.00 to C$9.00 in a report on Thursday, October 20th. Finally, Bank of America cut their price target on Wesdome Gold Mines from C$14.50 to C$14.00 in a report on Friday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$13.95.

Wesdome Gold Mines Trading Down 5.7 %

TSE:WDO opened at C$8.96 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.93 and a debt-to-equity ratio of 3.17. The business’s 50 day moving average is C$8.58 and its two-hundred day moving average is C$10.22. Wesdome Gold Mines has a 52 week low of C$7.43 and a 52 week high of C$16.77. The company has a market cap of C$1.28 billion and a PE ratio of 38.96.

About Wesdome Gold Mines

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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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