Ventum Cap Mkts Predicts TSE:WDO FY2024 Earnings

Wesdome Gold Mines Ltd. (TSE:WDO) – Investment analysts at Ventum Cap Mkts issued their FY2024 earnings per share estimates for Wesdome Gold Mines in a report released on Tuesday, January 14th. Ventum Cap Mkts analyst P. Ker expects that the company will earn $0.88 per share for the year. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share.

Separately, Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.29.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock opened at C$13.22 on Friday. The stock’s 50 day moving average is C$12.71 and its 200 day moving average is C$12.80. Wesdome Gold Mines has a one year low of C$7.36 and a one year high of C$14.99. The firm has a market cap of C$1.98 billion, a P/E ratio of 50.85 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37.

Insider Activity at Wesdome Gold Mines

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

Wesdome Gold Mines Company Profile

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.