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
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider Wesdome Gold Mines, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Wesdome Gold Mines wasn’t on the list.
While Wesdome Gold Mines currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: FY2024 Earnings Forecast for Wesdome Gold Mines Ltd. Issued By Echelon Wealth Partners (TSE:WDO)