Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$22.00

Wesdome Gold Mines (TSE:WDO) had its target price increased by National Bankshares from C$19.75 to C$22.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

WDO has been the topic of several other research reports. TD Securities raised shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins raised their price target on shares of 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 investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$16.19.

Wesdome Gold Mines Price Performance

WDO stock opened at C$16.84 on Wednesday. Wesdome Gold Mines has a 1 year low of C$9.89 and a 1 year high of C$17.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The business has a 50 day simple moving average of C$14.81 and a 200-day simple moving average of C$13.45. The firm has a market capitalization of C$2.56 billion, a PE ratio of 31.43 and a beta of 0.85.

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.