Wesdome Gold Mines Ltd Forecasted to Post FY2019 Earnings of $0.24 Per Share (WDO)

Wesdome Gold Mines Ltd (TSE:WDO) – Investment analysts at National Bank Financial boosted their FY2019 earnings per share estimates for shares of Wesdome Gold Mines in a report released on Thursday. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.24 for the year, up from their prior estimate of $0.23.

Separately, Eight Capital dropped their price target on shares of Wesdome Gold Mines from C$4.70 to C$3.40 in a research report on Monday, November 27th.

Wesdome Gold Mines (TSE WDO) opened at C$1.91 on Monday. Wesdome Gold Mines has a 52-week low of C$1.64 and a 52-week high of C$4.40. The company has a market cap of $255.73, a P/E ratio of 63.67 and a beta of -0.88.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings results on Thursday, November 9th. The company reported C$0.02 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.02). Wesdome Gold Mines had a net margin of 1.40% and a return on equity of 0.86%.

In other news, Director Charles Main purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of C$1.82 per share, with a total value of C$91,000.00.

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Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant.

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

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