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Desjardins Lifts Earnings Estimates for Wesdome Gold Mines

Wesdome Gold Mines logo with Basic Materials background

Key Points

  • Desjardins has increased its earnings per share (EPS) forecast for Wesdome Gold Mines for FY2026, raising it from $2.52 to $3.35.
  • Current full-year earnings consensus estimate for Wesdome is $1.29 per share, reflecting significant growth expectations from analysts.
  • The company's stock has recently experienced downgrades from several analysts, with the overall consensus rating at "Moderate Buy" and a price target of C$22.20.
  • Five stocks we like better than Wesdome Gold Mines.

Wesdome Gold Mines Ltd. (TSE:WDO - Free Report) - Analysts at Desjardins increased their FY2026 earnings per share (EPS) estimates for Wesdome Gold Mines in a report released on Wednesday, October 1st. Desjardins analyst A. Carson now forecasts that the company will earn $3.35 per share for the year, up from their prior forecast of $2.52. The consensus estimate for Wesdome Gold Mines' current full-year earnings is $1.29 per share.

Other equities analysts have also recently issued reports about the company. Stifel Canada cut Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Stifel Nicolaus downgraded Wesdome Gold Mines from a "buy" rating to a "hold" rating and cut their price target for the stock from C$24.00 to C$20.50 in a research note on Friday, August 15th. Finally, Canaccord Genuity Group increased their price objective on shares of Wesdome Gold Mines from C$21.50 to C$22.50 in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.20.

Read Our Latest Report on WDO

Wesdome Gold Mines Trading Down 2.0%

Shares of WDO opened at C$22.06 on Monday. Wesdome Gold Mines has a twelve month low of C$10.89 and a twelve month high of C$22.91. 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$3.33 billion, a P/E ratio of 13.79 and a beta of 0.62. The firm's 50-day moving average is C$18.54 and its two-hundred day moving average is C$18.04.

Wesdome Gold Mines Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Wesdome Gold Mines (TSE:WDO)

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