Desjardins Predicts Stronger Earnings for Wesdome Gold Mines

Wesdome Gold Mines Ltd. (TSE:WDO) – Research analysts at Desjardins raised their FY2025 earnings per share estimates for Wesdome Gold Mines in a research report issued on Wednesday, March 19th. Desjardins analyst A. Carson now anticipates that the company will post earnings of $1.44 per share for the year, up from their previous estimate of $1.42. Desjardins currently has a “Buy” rating and a $18.00 target price on the stock. The consensus estimate for Wesdome Gold Mines’ current full-year earnings is $1.29 per share. Desjardins also issued estimates for Wesdome Gold Mines’ FY2026 earnings at $1.65 EPS and FY2027 earnings at $1.45 EPS.

Separately, TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.63.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$15.80 on Friday. The stock has a market cap of C$2.40 billion, a P/E ratio of 29.49 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 stock’s 50-day moving average is C$14.44 and its 200-day moving average is C$13.29. Wesdome Gold Mines has a 1-year low of C$9.49 and a 1-year high of C$16.27.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.