National Bankshares Forecasts Strong Price Appreciation for Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines (TSE:WDO) had its price target raised by stock analysts at National Bankshares from C$19.75 to C$22.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 34.15% from the company’s current price.

WDO has been the topic of several other research reports. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins raised their target price on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.19.

Wesdome Gold Mines Stock Performance

Wesdome Gold Mines stock traded down C$0.15 during mid-day trading on Wednesday, hitting C$16.40. The company had a trading volume of 214,235 shares, compared to its average volume of 396,810. The company has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 30.61 and a beta of 0.85. Wesdome Gold Mines has a 12-month low of C$9.59 and a 12-month high of C$16.72. The company’s fifty day moving average is C$14.62 and its 200-day moving average is C$13.37. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.