Wesdome Gold Mines Ltd (WDO) Given Consensus Recommendation of “Buy” by Brokerages

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Wesdome Gold Mines Ltd (TSE:WDO) has been given a consensus rating of “Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$5.08.

WDO has been the subject of several research reports. Industrial Alliance Securities lifted their price target on Wesdome Gold Mines from C$5.50 to C$6.20 and gave the stock a “strong-buy” rating in a report on Monday, January 7th. Eight Capital downgraded Wesdome Gold Mines from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Pi Financial increased their price objective on Wesdome Gold Mines from C$4.10 to C$4.30 in a research note on Monday, March 25th. BMO Capital Markets increased their price objective on Wesdome Gold Mines from C$4.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Finally, National Bank Financial increased their price objective on Wesdome Gold Mines from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a research note on Monday, January 14th.

Wesdome Gold Mines stock traded down C$0.05 during midday trading on Tuesday, hitting C$4.29. The company’s stock had a trading volume of 323,800 shares, compared to its average volume of 643,380. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 6.23. The stock has a market cap of $582.58 million and a PE ratio of 39.00. Wesdome Gold Mines has a 12 month low of C$1.84 and a 12 month high of C$5.46.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Thursday, February 21st. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.03). The company had revenue of C$29.46 million during the quarter. On average, equities analysts predict that Wesdome Gold Mines will post 0.329999993443709 EPS for the current fiscal year.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

Further Reading: What is Cost of Goods Sold (COGS)?

Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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