Wesdome Gold Mines Ltd to Post FY2018 Earnings of $0.12 Per Share, National Bank Financial Forecasts (WDO)

Wesdome Gold Mines Ltd (TSE:WDO) – Equities research analysts at National Bank Financial lowered their FY2018 earnings per share (EPS) estimates for Wesdome Gold Mines in a report released on Wednesday, January 16th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.12 for the year, down from their previous forecast of $0.15. National Bank Financial has a “Outperform” rating and a $5.00 price target on the stock. National Bank Financial also issued estimates for Wesdome Gold Mines’ Q4 2018 earnings at $0.03 EPS.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Thursday, November 8th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.03). The company had revenue of C$28.92 million for the quarter.

A number of other equities research analysts also recently issued reports on WDO. Pi Financial lowered their target price on shares of Wesdome Gold Mines from C$4.15 to C$3.75 and set a “buy” rating for the company in a report on Friday, September 28th. Canaccord Genuity reiterated a “buy” rating and set a C$5.00 price objective on shares of Wesdome Gold Mines in a research note on Thursday, October 18th. Finally, Industrial Alliance Securities boosted their price objective on shares of Wesdome Gold Mines from C$5.50 to C$6.20 and gave the stock a “strong-buy” rating in a research note on Monday, January 7th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Wesdome Gold Mines has a consensus rating of “Buy” and a consensus target price of C$4.63.

Wesdome Gold Mines stock opened at C$4.27 on Friday. Wesdome Gold Mines has a 1 year low of C$1.71 and a 1 year high of C$4.75. The company has a debt-to-equity ratio of 5.51, a current ratio of 1.56 and a quick ratio of 1.23.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

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

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