Eight Capital Raises Wesdome Gold Mines (TSE:WDO) Price Target to C$6.25

Wesdome Gold Mines (TSE:WDO) had its price objective raised by Eight Capital from C$5.25 to C$6.25 in a research report report published on Thursday, BayStreet.CA reports.

A number of other analysts have also recently commented on WDO. Clarus Securities raised shares of Wesdome Gold Mines from a hold rating to a buy rating in a report on Thursday, May 9th. Pi Financial upped their target price on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a report on Monday, March 25th. BMO Capital Markets upped their target price on shares of Wesdome Gold Mines from C$4.75 to C$6.00 and gave the company an outperform rating in a report on Wednesday, March 13th. National Bank Financial cut shares of Detour Gold to a hold rating in a report on Friday, June 28th. Finally, Canaccord Genuity cut shares of ProMetic Life Sciences to a hold rating in a report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of C$5.75.

Shares of WDO stock opened at C$5.69 on Thursday. Wesdome Gold Mines has a 12 month low of C$2.95 and a 12 month high of C$5.83. The stock has a market capitalization of $744.90 million and a PE ratio of 38.19. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 6.46. The firm’s 50 day simple moving average is C$5.17.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Wednesday, May 8th. The company reported C$0.04 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.03). The business had revenue of C$32.54 million for the quarter. On average, sell-side analysts predict that Wesdome Gold Mines will post 0.26 earnings per share for the current year.

Wesdome Gold Mines Company Profile

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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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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