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Experts agree that Wesdome Gold Mines Ltd. (WDO-T) has a solid balance sheet and is experiencing strong momentum. The company's history has been described as 'bouncy', but it is currently growing nicely. Overall, there is a positive sentiment about the stock and it is seen as a good mid-cap sector exposure option for investors.
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. 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
In the last year, 1 stock analyst published opinions about WDO-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Wesdome Gold Mines Ltd..
Wesdome Gold Mines Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Wesdome Gold Mines Ltd..
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.
1 stock analyst on Stockchase covered Wesdome Gold Mines Ltd. In the last year. It is a trending stock that is worth watching.
On 2024-12-06, Wesdome Gold Mines Ltd. (WDO-T) stock closed at a price of $13.26.
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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