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Wesdome Gold Mines Ltd. (WDO-T)
TSE:WDO
15.61
0.01
(0.06%) 1d
Financials
Technical Analysis
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Wesdome Gold Mines Ltd. (WDO) has been recognized for its dynamic trading history, indicating that it often experiences significant fluctuations in its stock price. Currently, the momentum for WDO appears to be quite strong, suggesting positive investor sentiment and confidence in future performance. Additionally, experts have highlighted the strength of the company's balance sheet, indicating financial stability and the capacity for growth, which can be appealing for investors looking for mid-cap sector exposure. The overall outlook on WDO is optimistic, with suggestions that it represents a good buying opportunity in the current market environment. As the company continues to grow and develop, it is well-positioned within the gold mining sector to deliver value to shareholders.
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 : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
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, 2 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?
2 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 2025-03-14, Wesdome Gold Mines Ltd. (WDO-T) stock closed at a price of $15.61.
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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