Wesdome Gold Mines (TSE:WDO) PT Raised to C$12.00

Wesdome Gold Mines (TSE:WDO) had its target price upped by analysts at Eight Capital from C$10.50 to C$12.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Eight Capital’s price objective would suggest a potential upside of 12.99% from the stock’s current price.

Several other analysts have also recently issued reports on WDO. CIBC raised their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. National Bankshares cut their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Wesdome Gold Mines presently has an average rating of “Hold” and an average price target of C$11.33.

Wesdome Gold Mines Stock Up 3.3 %

TSE WDO opened at C$10.62 on Monday. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37. The stock has a market capitalization of C$1.58 billion, a PE ratio of -265.50 and a beta of 0.75. Wesdome Gold Mines has a 1 year low of C$6.33 and a 1 year high of C$11.28. The business’s 50-day moving average is C$9.90 and its 200 day moving average is C$8.57.

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