FY2025 Earnings Estimate for TSE:WDO Issued By Stifel Canada

Key Points

• Stifel Canada has lowered its FY2025 earnings per share (EPS) estimate for Wesdome Gold Mines Ltd. (TSE:WDO) from $2.06 to $2.02, maintaining a "Hold" rating.
• The consensus estimate for the company's current full-year earnings stands at $1.29 per share, with FY2026 earnings estimated at $2.04 EPS.
• Recent analyst activity includes Canaccord Genuity upgrading Wesdome from "hold" to "strong-buy," while Stifel Nicolaus downgraded it from "buy" to "hold" with a lower target price.

Wesdome Gold Mines Ltd. (TSE:WDO - Free Report) - Investment analysts at Stifel Canada lowered their FY2025 earnings estimates for Wesdome Gold Mines in a research note issued on Thursday, August 14th. Stifel Canada analyst R. Profiti now anticipates that the company will post earnings per share of $2.02 for the year, down from their prior estimate of $2.06. Stifel Canada has a "Hold" rating on the stock. The consensus estimate for Wesdome Gold Mines' current full-year earnings is $1.29 per share. Stifel Canada also issued estimates for Wesdome Gold Mines' FY2026 earnings at $2.04 EPS.

Several other analysts have also recently weighed in on the stock. National Bankshares lifted their price objective on shares of Wesdome Gold Mines from C$26.75 to C$28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their price objective on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a research note on Wednesday, June 4th. Stifel Nicolaus lowered shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$24.00 to C$20.50 in a research note on Friday, August 15th. Finally, Canaccord Genuity Group raised shares of Wesdome Gold Mines from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$20.70.

Wesdome Gold Mines Stock Performance

Shares of WDO traded up C$0.47 during midday trading on Monday, reaching C$16.77. The stock had a trading volume of 310,057 shares, compared to its average volume of 561,136. The firm has a market cap of C$2.55 billion, a PE ratio of 31.30 and a beta of 0.85. 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 50 day simple moving average of C$17.90 and a 200-day simple moving average of C$16.98. Wesdome Gold Mines has a one year low of C$10.89 and a one year high of C$20.24.

Insider Activity at Wesdome Gold Mines

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