Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$15.00

Wesdome Gold Mines (TSE:WDO) had its price objective hoisted by Eight Capital from C$12.00 to C$15.00 in a report released on Thursday, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Ventum Cap Mkts raised Wesdome Gold Mines from a hold rating to a strong-buy rating in a research note on Tuesday, May 28th. National Bankshares increased their price target on shares of Wesdome Gold Mines from C$14.25 to C$15.00 and gave the company an outperform rating in a report on Tuesday, May 14th. Ventum Financial upgraded Wesdome Gold Mines from a neutral rating to a buy rating and boosted their price target for the stock from C$9.65 to C$12.65 in a research note on Tuesday, May 28th. CIBC increased their price target on Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Finally, TD Securities decreased their target price on Wesdome Gold Mines from C$13.00 to C$12.00 and set a buy rating on the stock in a report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wesdome Gold Mines currently has an average rating of Moderate Buy and an average price target of C$12.70.

Wesdome Gold Mines Stock Down 1.5 %

Shares of Wesdome Gold Mines stock opened at C$13.31 on Thursday. Wesdome Gold Mines has a 1 year low of C$6.51 and a 1 year high of C$13.78. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of 443.67 and a beta of 0.75. The company has a 50-day moving average of C$11.35 and a 200 day moving average of C$9.98. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.99 and a quick ratio of 0.37.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Wednesday, May 8th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Wesdome Gold Mines had a net margin of 1.36% and a return on equity of 1.13%. The business had revenue of C$100.92 million during the quarter. As a group, sell-side analysts anticipate that Wesdome Gold Mines will post 0.6333147 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.