Wesdome Gold Mines Ltd. (WDO-T)
TSE:WDO
16.77
0.20
(1.18%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 1 opinions in the last 12 months.
Wesdome Gold Mines Ltd. (WDO-T) has shown a history characterized by notable fluctuations, but current market momentum appears robust. The insights from Trevor Rose highlight that the company's balance sheet is solid, indicating good financial health. Furthermore, the company is experiencing growth at a favorable pace, making it an enticing option for investors seeking exposure to mid-cap stocks in the gold mining sector. The overall sentiment is positive, suggesting that buying shares now could be a prudent investment move. With a combination of stability and growth potential, WDO is positioned well for the future, appealing to both conservative and aggressive investors alike.
WDO has a 'bouncy' history but certainly momentum is quite strong right now. The balance sheet is solid and it is growing nicely. For mid-cap sector exposure, we would be OK buying today.
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EPS of -2c slightly missed estimates. Revenue of $75M missed estimates by 10%.
EBITDA of $21.3M missed by 8%.
Gold sales fell 16% yet all-in costs rose 18%. 2023 forecast is for 120,000 ounces, up from 111,000. Its problems are not unique as costs continue to rise.
But we need to see better production growth to offset it. If production grows 10% and costs rise 18%, it is going backwards.
We think it is OK generally, and the balance sheet is fine.
But it is hard to make a strong case for keeping it this year.
It is a bit expensive (because earnings have declined).
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Hasn’t followed this closely, but there was some recent chatter about somebody buying it out. They hit a drill hole in August that looked promising, so there is a little bit of froth on it. A pretty steady producer over the years, not a lot of reserves and not a lot of reserve growth. If the chatter proves to be true and the holes are repeated, you are probably going to do okay.
Wesdome Gold Mines Ltd.(WDO-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
Wesdome Gold Mines Ltd.(WDO-T) Frequently Asked Questions
What is Wesdome Gold Mines Ltd. stock symbol?
Wesdome Gold Mines Ltd. is a Canadian stock, trading under the symbol WDO-T on the Toronto Stock Exchange (WDO-CT). It is usually referred to as TSX:WDO or WDO-T
Is Wesdome Gold Mines Ltd. a buy or a sell?
In the last year, 3 stock analysts published opinions about WDO-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Wesdome Gold Mines Ltd..
Is Wesdome Gold Mines Ltd. a good investment or a top pick?
Wesdome Gold Mines Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Wesdome Gold Mines Ltd..
Why is Wesdome Gold Mines Ltd. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Wesdome Gold Mines Ltd. worth watching?
3 stock analysts on Stockchase covered Wesdome Gold Mines Ltd. In the last year. It is a trending stock that is worth watching.
What is Wesdome Gold Mines Ltd. stock price?
On 2025-04-29, Wesdome Gold Mines Ltd. (WDO-T) stock closed at a price of $16.77.
WDO is a high-grade gold miner operating facilities in Ontario and Quebec. Production in Quebec is ramping up as deep zone work is exploited -- creating a near doubling of production there. Strong cash flow is allowing the company to aggressively retire debt while still seeing cash reserves grow. It trades at 19x earnings and supports a ROE of 27%. We recommend setting a stop-loss at $13.50, looking to achieve $20.00 -- upside potential of 18%. Yield 0%
(Analysts’ price target is $19.89)