Wesdome Gold Mines (TSE:WDO) PT Raised to C$11.75

Wesdome Gold Mines (TSE:WDO) had its price target hoisted by Canaccord Genuity Group from C$8.50 to C$11.75 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 10.23% from the company’s current price.

WDO has been the topic of a number of other reports. CIBC raised their target price on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. National Bankshares decreased their price target on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday, April 19th. Finally, Eight Capital raised their price target on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$11.33.

Wesdome Gold Mines Stock Up 0.4 %

Wesdome Gold Mines stock opened at C$10.66 on Tuesday. The company has a market capitalization of C$1.59 billion, a P/E ratio of -266.50 and a beta of 0.75. The firm’s fifty day simple moving average is C$9.94 and its 200-day simple moving average is C$8.58. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94. Wesdome Gold Mines has a 1-year low of C$6.33 and a 1-year high of C$11.28.

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 analysts’ consensus estimates of C$0.03 by C($0.01). Wesdome Gold Mines had a negative net margin of 1.86% and a negative return on equity of 1.50%. The firm had revenue of C$102.22 million during the quarter. Sell-side analysts forecast that Wesdome Gold Mines will post 0.5495825 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.