Wesdome Gold Mines Stock Performance
| WDOFF Stock | USD 8.52 0.01 0.12% |
The firm maintains a market beta of 0.88, which attests to possible diversification benefits within a given portfolio. Wesdome Gold returns are very sensitive to returns on the market. As the market goes up or down, Wesdome Gold is expected to follow. At this point, Wesdome Gold Mines has a negative expected return of -0.2%. Please make sure to check out Wesdome Gold's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Wesdome Gold Mines performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Wesdome Gold Mines has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 63.5 M | |
| Total Cashflows From Investing Activities | -132.5 M | |
| Free Cash Flow | -12.5 M |
Wesdome |
Wesdome Gold Relative Risk vs. Return Landscape
If you would invest 991.00 in Wesdome Gold Mines on August 29, 2024 and sell it today you would lose (139.00) from holding Wesdome Gold Mines or give up 14.03% of portfolio value over 90 days. Wesdome Gold Mines is currently producing negative expected returns and takes up 2.5484% volatility of returns over 90 trading days. Put another way, 22% of traded otc stocks are less volatile than Wesdome, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Wesdome Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesdome Gold's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Wesdome Gold Mines, and traders can use it to determine the average amount a Wesdome Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0802
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| Negative Returns | WDOFF |
Estimated Market Risk
| 2.55 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wesdome Gold is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wesdome Gold by adding Wesdome Gold to a well-diversified portfolio.
Wesdome Gold Fundamentals Growth
Wesdome OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Wesdome Gold, and Wesdome Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Wesdome OTC Stock performance.
| Return On Equity | 0.0354 | |||
| Return On Asset | 0.0663 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.21 % | |||
| Current Valuation | 808.6 M | |||
| Shares Outstanding | 142.49 M | |||
| Price To Earning | 23.74 X | |||
| Price To Book | 2.83 X | |||
| Price To Sales | 2.81 X | |||
| Revenue | 262.91 M | |||
| EBITDA | 217.59 M | |||
| Cash And Equivalents | 23.52 M | |||
| Cash Per Share | 0.17 X | |||
| Total Debt | 12.41 M | |||
| Debt To Equity | 0.03 % | |||
| Book Value Per Share | 2.73 X | |||
| Cash Flow From Operations | 130.96 M | |||
| Earnings Per Share | 0.07 X | |||
| Total Asset | 553.72 M | |||
About Wesdome Gold Performance
By analyzing Wesdome Gold's fundamental ratios, stakeholders can gain valuable insights into Wesdome Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wesdome Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Wesdome Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. The companys properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-dOr, Qubec. Wesdome Gold operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about Wesdome Gold Mines performance evaluation
Checking the ongoing alerts about Wesdome Gold for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Wesdome Gold Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Wesdome Gold Mines generated a negative expected return over the last 90 days | |
| Wesdome Gold Mines has accumulated 12.41 M in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. Wesdome Gold Mines has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Wesdome Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Wesdome Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Wesdome Gold Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wesdome to invest in growth at high rates of return. When we think about Wesdome Gold's use of debt, we should always consider it together with cash and equity. | |
| About 56.0% of Wesdome Gold outstanding shares are owned by institutional investors |
- Analyzing Wesdome Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Wesdome Gold's stock is overvalued or undervalued compared to its peers.
- Examining Wesdome Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Wesdome Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Wesdome Gold's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Wesdome Gold's otc stock. These opinions can provide insight into Wesdome Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Wesdome OTC Stock analysis
When running Wesdome Gold's price analysis, check to measure Wesdome Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wesdome Gold is operating at the current time. Most of Wesdome Gold's value examination focuses on studying past and present price action to predict the probability of Wesdome Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesdome Gold's price. Additionally, you may evaluate how the addition of Wesdome Gold to your portfolios can decrease your overall portfolio volatility.
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