TSE:WDO FY2025 EPS Boosted by National Bank Financial

Key Points

• National Bank Financial raised its FY2025 EPS estimate for Wesdome Gold Mines to $2.57 per share, up from $2.47, with FY2026 earnings forecasted at $2.81 EPS.
• Analysts have mixed ratings on Wesdome Gold Mines, with one strong buy, two buy, and three hold ratings, and a target price increase from C$19.00 to C$22.00.
• The company's stock has experienced significant price movement, with a 52-week range between C$10.89 and C$21.02, currently trading at C$20.56.

Wesdome Gold Mines Ltd. (TSE:WDO - Free Report) - Research analysts at National Bank Financial increased their FY2025 EPS estimates for Wesdome Gold Mines in a note issued to investors on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now anticipates that the company will earn $2.57 per share for the year, up from their prior forecast of $2.47. The consensus estimate for Wesdome Gold Mines' current full-year earnings is $1.29 per share. National Bank Financial also issued estimates for Wesdome Gold Mines' FY2026 earnings at $2.81 EPS.

A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a research note on Wednesday, June 4th. Stifel Canada downgraded shares of Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Stifel Nicolaus downgraded shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and reduced their price target for the company from C$24.00 to C$20.50 in a research report 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 report on Wednesday, July 23rd. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$22.13.

Wesdome Gold Mines Price Performance

Shares of TSE WDO opened at C$20.56 on Friday. Wesdome Gold Mines has a fifty-two week low of C$10.89 and a fifty-two week high of C$21.02. The company has a 50 day simple moving average of C$17.99 and a two-hundred day simple moving average of C$17.75. The company has a market capitalization of C$3.10 billion, a price-to-earnings ratio of 12.85 and a beta of 0.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.

Insider Transactions at Wesdome Gold Mines

In other Wesdome Gold Mines news, Senior Officer Rajbir Gill sold 10,822 shares of Wesdome Gold Mines stock in a transaction on Monday, June 30th. The shares were sold at an average price of C$18.56, for a total value of C$200,856.32. Corporate insiders own 0.17% of the company's stock.

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.

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 contact@marketbeat.com.