Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$25.42 Consensus PT from Analysts

Wesdome Gold Mines Ltd. (TSE:WDO) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$25.42.

A number of brokerages recently issued reports on WDO. Stifel Canada raised Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. CIBC lifted their price target on shares of Wesdome Gold Mines from C$24.00 to C$27.00 in a research note on Friday, October 10th. Royal Bank Of Canada upped their price target on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. Canaccord Genuity Group upped their price objective on Wesdome Gold Mines from C$21.50 to C$22.50 in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their price target for the stock from C$20.50 to C$28.00 in a report on Monday, October 20th.

Wesdome Gold Mines Stock Up 2.3%

WDO stock opened at C$25.95 on Monday. The company’s 50 day moving average price is C$22.52 and its 200 day moving average price is C$20.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. Wesdome Gold Mines has a fifty-two week low of C$13.02 and a fifty-two week high of C$26.32. The firm has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 13.59 and a beta of 0.48.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$230.28 million during the quarter. Wesdome Gold Mines had a net margin of 17.01% and a return on equity of 17.53%. On average, equities research analysts anticipate that Wesdome Gold Mines will post 1.293456 EPS for the current fiscal year.

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.