Wesdome Gold Mines (TSE:WDO) Price Target Increased to C$12.00 by Analysts at Eight Capital

Wesdome Gold Mines (TSE:WDO) had its price objective lifted by Eight Capital from C$10.50 to C$12.00 in a research report report published on Monday, BayStreet.CA reports. Eight Capital currently has a neutral rating on the stock.

Several other brokerages also recently commented on WDO. National Bankshares lowered their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday. CIBC increased their price objective on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of C$11.25.

Wesdome Gold Mines Trading Down 8.1 %

TSE:WDO opened at C$10.28 on Monday. The stock’s 50-day moving average is C$9.86 and its two-hundred day moving average is C$8.55. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37. The stock has a market cap of C$1.53 billion, a PE ratio of -257.00 and a beta of 0.75. Wesdome Gold Mines has a fifty-two week low of C$6.33 and a fifty-two week high of C$11.28.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.01). Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. The firm had revenue of C$102.22 million for the quarter. As a group, equities research analysts forecast that Wesdome Gold Mines will post 0.5495825 earnings per share for the current fiscal year.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.