Brokers Set Expectations for Wesdome Gold Mines Ltd’s Q4 2017 Earnings (WDO)

Wesdome Gold Mines Ltd (TSE:WDO) – Equities researchers at Desjardins issued their Q4 2017 earnings estimates for shares of Wesdome Gold Mines in a research note issued on Friday. Desjardins analyst R. Ray anticipates that the company will earn $0.02 per share for the quarter. Desjardins has a “Buy” rating and a $3.15 price objective on the stock. Desjardins also issued estimates for Wesdome Gold Mines’ Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.08 EPS, Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.07 EPS and Q4 2019 earnings at $0.07 EPS.

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 Thomson Reuters’ 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%.

WDO has been the topic of several other research reports. National Bank Financial restated an “outperform” rating and set a C$4.00 price target on shares of Wesdome Gold Mines in a research report on Tuesday, October 3rd. 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.

Shares of Wesdome Gold Mines (WDO) opened at C$2.26 on Monday. The company has a market cap of $302.59, a price-to-earnings ratio of 75.33 and a beta of -0.77. Wesdome Gold Mines has a 52-week low of C$1.64 and a 52-week high of C$4.40.

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