Wesdome Financial Statements From 2010 to 2025
| WDO Stock | CAD 15.93 0.09 0.56% |
Check Wesdome Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wesdome Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . Wesdome financial statements analysis is a perfect complement when working with Wesdome Gold Valuation or Volatility modules.
Wesdome |
Wesdome Gold Mines Company Shares Outstanding Analysis
Wesdome Gold's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Wesdome Gold Shares Outstanding | 149.87 M |
Most of Wesdome Gold's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Wesdome Gold Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Wesdome Gold Mines has 149.87 M of shares currently outstending. This is 75.6% lower than that of the Metals & Mining sector and 58.39% lower than that of the Materials industry. The shares outstanding for all Canada stocks is 73.79% higher than that of the company.
Wesdome Gold Mines Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Wesdome Gold's current stock value. Our valuation model uses many indicators to compare Wesdome Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Wesdome Gold competition to find correlations between indicators driving Wesdome Gold's intrinsic value. More Info.Wesdome Gold Mines is rated second in return on equity category among its peers. It is rated first in return on asset category among its peers reporting about 0.74 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Wesdome Gold Mines is roughly 1.35 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Wesdome Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wesdome Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Wesdome Gold Financial Statements
Wesdome Gold investors utilize fundamental indicators, such as revenue or net income, to predict how Wesdome Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. Wesdome Gold Mines Ltd. was founded in 1976 and is headquartered in Toronto, Canada. WESDOME GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 301 people.
Pair Trading with Wesdome Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wesdome Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Wesdome Stock
| 0.83 | VCM | Vecima Networks | PairCorr |
| 0.74 | NXE | NexGen Energy | PairCorr |
| 0.52 | CNQ | Canadian Natural Res | PairCorr |
| 0.37 | ECN | ECN Capital Corp Earnings Call Today | PairCorr |
| 0.35 | BIP-PB | Brookfield Infrastructure | PairCorr |
The ability to find closely correlated positions to Wesdome Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesdome Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wesdome Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wesdome Gold Mines to buy it.
The correlation of Wesdome Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wesdome Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Wesdome Stock
Wesdome Gold financial ratios help investors to determine whether Wesdome Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wesdome with respect to the benefits of owning Wesdome Gold security.