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

Wesdome Gold Mines (TSE:WDOFree Report) had its target price boosted by Eight Capital from C$10.50 to C$12.00 in a report published on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other analysts also recently issued reports on the company. CIBC upped their price target on 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 Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Wesdome Gold Mines currently has an average rating of Hold and an average target price of C$11.33.

Read Our Latest Stock Analysis on Wesdome Gold Mines

Wesdome Gold Mines Stock Up 0.4 %

TSE:WDO opened at C$10.66 on Monday. The business’s fifty day moving average price is C$9.94 and its 200 day moving average price 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. The firm has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -266.50 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDOGet Free Report) last released its quarterly 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 company had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. On average, sell-side analysts forecast that Wesdome Gold Mines will post 0.5495825 earnings per share for the current fiscal year.

About Wesdome Gold Mines

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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.

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