Wesdome Gold Mines Ltd (TSE:WDO) – Equities research analysts at National Bank Financial dropped their FY2020 earnings per share (EPS) estimates for shares of Wesdome Gold Mines in a research note issued on Tuesday, September 11th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.39 for the year, down from their previous estimate of $0.49. National Bank Financial currently has a “Outperform” rating and a $4.50 price objective on the stock. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2021 earnings at $0.63 EPS.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Wednesday, August 1st. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.03). Wesdome Gold Mines had a net margin of 1.40% and a return on equity of 0.86%. The firm had revenue of C$31.44 million for the quarter.

Several other analysts have also recently issued reports on the company. Pi Financial cut their price objective on Wesdome Gold Mines from C$4.15 to C$3.75 in a research note on Friday, September 7th. Eight Capital upped their price objective on Wesdome Gold Mines from C$3.00 to C$4.70 in a research note on Monday, July 23rd. Desjardins upped their price objective on Wesdome Gold Mines from C$3.15 to C$4.00 in a research note on Wednesday, June 27th. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a research note on Tuesday, June 12th. Finally, Industrial Alliance Securities upgraded Wesdome Gold Mines from a “buy” rating to a “strong-buy” rating and set a C$5.00 price objective on the stock in a research note on Tuesday, June 12th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$4.28.

Shares of TSE WDO opened at C$3.39 on Thursday. Wesdome Gold Mines has a 52-week low of C$1.64 and a 52-week high of C$3.83.

In other news, Director Warwick Morley-Jepson acquired 20,000 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were purchased at an average price of C$3.24 per share, for a total transaction of C$64,800.00.

About Wesdome Gold Mines

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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