10:39 AM EDT, 03/13/2024 (MT Newswires) -- National Bank of Canada said Wednesday that Wesdome Gold Mines Ltd. ( WDOFF ) 's adjusted EPS of $0.02 in the fourth quarter of 2023 missed the bank's forecast of $0.05 and the consensus estimate of $0.06.

Cash flow per share of $0.25 exceeded National Bank's estimate of $0.20 and the consensus projection of $0.24.

National Bank said the EPS miss can be attributed to higher-than-expected depreciation, corporate general and administrative expenses and stock-based compensation.

The beat on cash flow per share was driven by lower taxes paid and lower costs, the bank said.

National Bank gave Wesdome an outperform rating with a $11.70 price target.

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