Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$11.75

Wesdome Gold Mines (TSE:WDO) had its target price lifted by Canaccord Genuity Group from C$8.50 to C$11.75 in a research note released on Tuesday morning, BayStreet.CA reports.

A number of other research analysts also recently issued reports on WDO. National Bankshares dropped their target price on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday, April 19th. Eight Capital boosted their target price on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a neutral rating in a research report on Monday. Finally, CIBC boosted their target price on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Wesdome Gold Mines presently has an average rating of Hold and a consensus target price of C$11.33.

Wesdome Gold Mines Stock Up 1.5 %

Shares of TSE WDO opened at C$10.82 on Tuesday. The company has a market capitalization of C$1.61 billion, a P/E ratio of -270.50 and a beta of 0.75. Wesdome Gold Mines has a 52-week low of C$6.33 and a 52-week high of C$11.28. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92. The company’s 50 day moving average price is C$9.97 and its 200-day moving average price is C$8.60.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. The firm had revenue of C$102.22 million during the quarter. Equities analysts forecast that Wesdome Gold Mines will post 0.5495825 earnings per share for the current year.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.