Wesdome Gold Mines (TSE:WDO) Raised to “Buy” at Ventum Financial

Ventum Financial upgraded shares of Wesdome Gold Mines (TSE:WDOFree Report) from a neutral rating to a buy rating in a research note released on Tuesday, BayStreet.CA reports. They currently have C$12.65 price target on the stock, up from their prior price target of C$9.65.

WDO has been the subject of several other reports. CIBC boosted their price objective on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. Canaccord Genuity Group upped their price target on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a research report on Tuesday, April 23rd. TD Securities decreased their price target on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a buy rating for the company in a research report on Thursday, May 9th. Eight Capital boosted their price objective on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Finally, National Bankshares boosted their price objective on shares of Wesdome Gold Mines from C$14.25 to C$15.00 and gave the stock an outperform rating in a report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$11.68.

View Our Latest Stock Report on WDO

Wesdome Gold Mines Trading Up 1.2 %

Shares of WDO opened at C$11.39 on Tuesday. The stock has a fifty day moving average of C$10.72 and a two-hundred day moving average of C$9.18. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.37 and a current ratio of 0.99. The company has a market capitalization of C$1.70 billion, a PE ratio of 379.67 and a beta of 0.75. Wesdome Gold Mines has a fifty-two week low of C$6.33 and a fifty-two week high of C$11.96.

Wesdome Gold Mines (TSE:WDOGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.01. The company had revenue of C$100.92 million during the quarter. Wesdome Gold Mines had a return on equity of 1.13% and a net margin of 1.36%. As a group, analysts forecast that Wesdome Gold Mines will post 0.6333147 EPS for the current year.

Wesdome Gold Mines Company Profile

(Get Free Report)

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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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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