Shares of Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$11.43.
Several research analysts recently commented on WDO shares. Canaccord Genuity Group raised their price target on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a research note on Tuesday, April 23rd. Eight Capital increased their price objective on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. National Bankshares reduced their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. CIBC increased their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Finally, TD Securities dropped their price objective on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday.
Check Out Our Latest Stock Report on Wesdome Gold Mines
Wesdome Gold Mines Stock Performance
Wesdome Gold Mines (TSE:WDO – Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). The business had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative net margin of 1.86% and a negative return on equity of 1.50%. As a group, analysts forecast that Wesdome Gold Mines will post 0.5598886 EPS for the current year.
About Wesdome Gold Mines
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.
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