Wesdome Gold Mines (TSE:WDO) PT Raised to C$14.00

Wesdome Gold Mines (TSE:WDO) had its price objective lifted by Canaccord Genuity Group from C$11.75 to C$14.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Eight Capital lifted their target price on shares of Wesdome Gold Mines from C$12.00 to C$15.00 in a research report on Thursday, July 11th. National Bankshares boosted their price objective on shares of Wesdome Gold Mines from C$14.25 to C$15.00 and gave the stock an outperform rating in a report on Tuesday, May 14th. CIBC boosted their price objective on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Ventum Financial upgraded shares of Wesdome Gold Mines from a neutral rating to a buy rating and boosted their price objective for the stock from C$9.65 to C$12.65 in a report on Tuesday, May 28th. Finally, TD Securities decreased their target price on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$13.02.

Wesdome Gold Mines Trading Down 1.7 %

Shares of Wesdome Gold Mines stock opened at C$12.92 on Tuesday. Wesdome Gold Mines has a 1 year low of C$6.51 and a 1 year high of C$13.78. The firm has a market cap of C$1.93 billion, a PE ratio of 430.67 and a beta of 0.75. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.99 and a quick ratio of 0.37. The company has a 50 day simple moving average of C$11.73 and a two-hundred day simple moving average of C$10.28.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Wednesday, May 8th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.01. Wesdome Gold Mines had a net margin of 1.36% and a return on equity of 1.13%. The business had revenue of C$100.92 million during the quarter. Analysts expect that Wesdome Gold Mines will post 0.6333147 earnings per share for the current fiscal 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.