Wesdome Gold Mines (TSE:WDO) Downgraded by National Bankshares to Sector Perform

Wesdome Gold Mines (TSE:WDO) was downgraded by equities research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday,BayStreet.CA reports. They presently have a C$28.00 target price on the stock, down from their prior target price of C$31.00. National Bankshares’ price target suggests a potential upside of 32.95% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Canaccord Genuity Group lowered shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and raised their price target for the company from C$27.00 to C$28.00 in a research note on Monday, January 26th. Royal Bank Of Canada lifted their price target on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. Stifel Nicolaus raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$20.50 to C$28.00 in a research report on Monday, October 20th. CIBC increased their price objective on Wesdome Gold Mines from C$24.00 to C$27.00 in a research report on Friday, October 10th. Finally, TD Securities raised their price target on Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$26.86.

Wesdome Gold Mines Trading Down 4.3%

TSE WDO traded down C$0.95 on Wednesday, hitting C$21.06. 1,911,880 shares of the stock were exchanged, compared to its average volume of 979,681. Wesdome Gold Mines has a 52-week low of C$13.76 and a 52-week high of C$27.64. The stock has a fifty day moving average price of C$23.64 and a two-hundred day moving average price of C$21.07. The firm has a market capitalization of C$3.18 billion, a P/E ratio of 11.03 and a beta of 0.83. 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 (TSE:WDO) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.58 earnings per share for the quarter. Wesdome Gold Mines had a return on equity of 17.53% and a net margin of 17.01%.The firm had revenue of C$230.28 million during the quarter. Research analysts forecast that Wesdome Gold Mines will post 1.293456 EPS for the current fiscal year.

About Wesdome Gold Mines

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.