Wesdome Gold Mines (TSE:WDO) had its price target lifted by analysts at Canaccord Genuity from C$9.00 to C$10.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price objective points to a potential upside of 12.49% from the company’s previous close.
Other analysts have also issued reports about the stock. Echelon Wealth Partners lowered shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. National Bank Financial upped their price objective on shares of Wesdome Gold Mines from C$9.00 to C$9.50 in a research note on Monday, November 18th. Finally, Pi Financial upped their price objective on shares of Wesdome Gold Mines from C$8.15 to C$8.85 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$8.48.
WDO traded down C$1.37 during trading on Wednesday, hitting C$8.89. The company had a trading volume of 1,912,815 shares, compared to its average volume of 805,667. The company has a market cap of $1.37 billion and a PE ratio of 38.48. The business has a 50-day moving average of C$9.51 and a 200-day moving average of C$7.46. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.89 and a quick ratio of 1.34. Wesdome Gold Mines has a 1-year low of C$3.96 and a 1-year high of C$10.47.
Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C($0.03). The company had revenue of C$20.69 million for the quarter. Research analysts forecast that Wesdome Gold Mines will post 0.45 earnings per share for the current year.
In other news, Director Nadine Miller sold 5,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of C$9.45, for a total value of C$47,250.00. Following the completion of the sale, the director now directly owns 32,800 shares of the company’s stock, valued at C$309,960. Also, Senior Officer Heather Anne Laxton purchased 22,870 shares of Wesdome Gold Mines stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of C$1.96 per share, with a total value of C$44,825.20. Following the completion of the transaction, the insider now directly owns 28,972 shares of the company’s stock, valued at C$56,785.12.
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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