National Bank Financial Increases Wesdome Gold Mines (TSE:WDO) Price Target to C$8.50

Wesdome Gold Mines (TSE:WDO) had its price target boosted by equities research analysts at National Bank Financial from C$8.00 to C$8.50 in a note issued to investors on Thursday, September 5th, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 34.92% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Echelon Wealth Partners downgraded Wesdome Gold Mines from a “speculative buy” rating to a “hold” rating in a research report on Friday, August 9th. Pi Financial boosted their price target on Wesdome Gold Mines from C$4.50 to C$5.65 in a research report on Wednesday, July 24th. Eight Capital boosted their price objective on Wesdome Gold Mines from C$6.25 to C$7.50 in a research note on Thursday, August 8th. Desjardins cut Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$5.75 to C$6.00 in a research note on Wednesday, July 17th. Finally, Clarus Securities upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$6.91.

Shares of TSE:WDO opened at C$6.30 on Thursday. The company has a market cap of $908.29 million and a P/E ratio of 37.72. The company has a quick ratio of 1.21, a current ratio of 1.72 and a debt-to-equity ratio of 5.69. Wesdome Gold Mines has a 52 week low of C$3.30 and a 52 week high of C$7.81. The business has a fifty day simple moving average of C$7.00 and a 200-day simple moving average of C$5.38.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

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