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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$25.42.

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

Wesdome Gold Mines Stock Performance

Shares of WDO opened at C$24.00 on Thursday. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The firm has a market cap of C$3.62 billion, a PE ratio of 12.57 and a beta of 0.76. Wesdome Gold Mines has a 12 month low of C$12.31 and a 12 month high of C$24.80. The stock has a fifty day moving average price of C$21.82 and a 200-day moving average price of C$19.91.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Tuesday, November 4th. The company reported C$0.58 earnings per share (EPS) for the quarter. Wesdome Gold Mines had a return on equity of 17.53% and a net margin of 17.01%.The company had revenue of C$230.28 million for the quarter. Equities research analysts predict that Wesdome Gold Mines will post 1.293456 earnings per share 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.