Wesdome Gold Mines Ltd
TSX:WDO
Intrinsic Value
Wesdome Gold Mines Ltd. is a mining exploration company, which engages in the provision of acquisition, exploration, evaluation, and development of gold properties. [ Read More ]
The intrinsic value of one WDO stock under the Base Case scenario is 11.2 CAD. Compared to the current market price of 10.09 CAD, Wesdome Gold Mines Ltd is Undervalued by 10%.
Valuation Backtest
Wesdome Gold Mines Ltd
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Fundamental Analysis
Wesdome Gold Achieves Strategic Goals, Expects Growth
2023-Q4 Earnings Call
Wesdome Gold Mines achieved its strategic imperatives for 2023, hitting its production guidance midpoints and strengthening its balance sheet. With development advancing ahead of schedule, especially at Kiena, the company foresees a significant uptick in production. A 12% increase in corporate reserves after depletion and consistent development grades at Eagle River bolster their potential for 2024 and 2025. Net cash increased by approximately $24 million, with $37.2 million in cash flow operations for Q4, signaling robust cash flow expected in the coming years. Higher grades at Kiena are anticipated to drive costs down, support strong cash flows, and facilitate the paydown of revolving credit by Q3.
Balance Sheet Decomposition
Wesdome Gold Mines Ltd
Current Assets | 68.7m |
Cash & Short-Term Investments | 31.6m |
Receivables | 9.6m |
Other Current Assets | 27.5m |
Non-Current Assets | 536.7m |
Long-Term Investments | 4.5m |
PP&E | 527m |
Other Non-Current Assets | 5.2m |
Current Liabilities | 87.6m |
Accounts Payable | 34.6m |
Accrued Liabilities | 7.5m |
Short-Term Debt | 38.8m |
Other Current Liabilities | 6.7m |
Non-Current Liabilities | 93.4m |
Long-Term Debt | 1.5m |
Other Non-Current Liabilities | 91.9m |
Earnings Waterfall
Wesdome Gold Mines Ltd
Revenue
|
306m
CAD
|
Cost of Revenue
|
-278.9m
CAD
|
Gross Profit
|
27.1m
CAD
|
Operating Expenses
|
-27.5m
CAD
|
Operating Income
|
-400k
CAD
|
Other Expenses
|
-11.7m
CAD
|
Net Income
|
-12.1m
CAD
|
Free Cash Flow Analysis
Wesdome Gold Mines Ltd
What is Free Cash Flow?
WDO Profitability Score
Profitability Due Diligence
Wesdome Gold Mines Ltd's profitability score is 49/100. The higher the profitability score, the more profitable the company is.
Score
Wesdome Gold Mines Ltd's profitability score is 49/100. The higher the profitability score, the more profitable the company is.
WDO Solvency Score
Solvency Due Diligence
Wesdome Gold Mines Ltd's solvency score is 56/100. The higher the solvency score, the more solvent the company is.
Score
Wesdome Gold Mines Ltd's solvency score is 56/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
WDO Price Targets Summary
Wesdome Gold Mines Ltd
According to Wall Street analysts, the average 1-year price target for WDO is 10.19 CAD with a low forecast of 7.22 CAD and a high forecast of 14.7 CAD.
Shareholder Return
WDO Price
Wesdome Gold Mines Ltd
Average Annual Return | 30.46% |
Standard Deviation of Annual Returns | 76.73% |
Max Drawdown | -63% |
Market Capitalization | 1.5B CAD |
Shares Outstanding | 149 174 000 |
Percentage of Shares Shorted | 1.4% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Wesdome Gold Mines Ltd. is a mining exploration company, which engages in the provision of acquisition, exploration, evaluation, and development of gold properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2000-01-13. The firm's principal assets include the Eagle River Mine, the Mishi Mine and the Eagle River Mill located near Wawa, Ontario, together called the Eagle River Complex and the Kiena Mining and Milling Complex (Kiena Complex) and exploration properties located in Val D'Or, Quebec. The Eagle River Complex consists of two operating gold mines. The Complex consists of two claim groups totaling over 11,000 hectares and includes the Eagle River Underground Mine, the Mishi Open Pit Mine and common mineral processing facilities and permitted at 1,200 tonnes per day. The Kiena Mine Complex property consists of a contiguous group of 183 contiguous electronic map designated mining claims and one mining concession. The company covers approximately an area of 7,047 hectares.
Contact
IPO
Employees
Officers
The intrinsic value of one WDO stock under the Base Case scenario is 11.2 CAD.
Compared to the current market price of 10.09 CAD, Wesdome Gold Mines Ltd is Undervalued by 10%.