Desjardins Brokers Increase Earnings Estimates for TSE:WDO

Key Points

• Desjardins has raised its FY2027 earnings per share (EPS) estimate for Wesdome Gold Mines from $2.75 to $3.09, significantly higher than the current full-year earnings consensus of $1.29 per share.
• Multiple investment analysts have adjusted their ratings on Wesdome, with National Bankshares upgrading their price target to C$28.00 and Canaccord Genuity Group moving from a "hold" to a "strong-buy" rating.
• Insider trading activity includes the sale of over 29,827 shares by senior officers, with notable sales occurring in June and May at prices averaging around C$19.27.

Wesdome Gold Mines Ltd. (TSE:WDO - Free Report) - Investment analysts at Desjardins increased their FY2027 earnings per share (EPS) estimates for shares of Wesdome Gold Mines in a report issued on Wednesday, August 13th. Desjardins analyst A. Carson now expects that the company will post earnings per share of $3.09 for the year, up from their previous forecast of $2.75. The consensus estimate for Wesdome Gold Mines' current full-year earnings is $1.29 per share.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group upgraded Wesdome Gold Mines from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on Wesdome Gold Mines from C$19.00 to C$22.00 in a report on Wednesday, June 4th. Stifel Canada lowered Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. National Bankshares increased their target price on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus lowered Wesdome Gold Mines from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$24.00 to C$20.50 in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$20.70.

Wesdome Gold Mines Stock Performance

WDO stock traded up C$0.53 during trading hours on Monday, hitting C$16.83. 541,001 shares of the stock were exchanged, compared to its average volume of 562,681. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of C$2.56 billion, a P/E ratio of 31.41 and a beta of 0.85. The company has a 50-day simple moving average of C$17.90 and a two-hundred day simple moving average of C$16.98. Wesdome Gold Mines has a 12 month low of C$10.89 and a 12 month high of C$20.24.

Insider Buying and Selling at Wesdome Gold Mines

In related news, Senior Officer Robert Kristian Fitzgerald Kallio sold 3,348 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$19.27, for a total transaction of C$64,515.96. Also, Senior Officer Rajbir Gill sold 10,822 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of C$18.56, for a total value of C$200,856.32. Over the last 90 days, insiders have sold 28,343 shares of company stock valued at $529,274. 0.17% of the stock is owned by corporate insiders.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.