Wesdome Gold Mines (TSE:WDO) Price Target Increased to C$6.25 by Analysts at Eight Capital

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Wesdome Gold Mines (TSE:WDO) had its price objective increased by Eight Capital from C$5.25 to C$6.25 in a research note published on Thursday morning, BayStreet.CA reports.

Several other analysts also recently issued reports on WDO. Clarus Securities raised Wesdome Gold Mines from a hold rating to a buy rating in a report on Thursday, May 9th. Pi Financial raised their target price on Wesdome Gold Mines from C$4.10 to C$4.30 in a research report on Monday, March 25th. National Bank Financial cut Detour Gold to a hold rating in a research report on Friday, June 28th. BMO Capital Markets raised their target price on Wesdome Gold Mines from C$4.75 to C$6.00 and gave the company an outperform rating in a report on Wednesday, March 13th. Finally, Canaccord Genuity lowered ProMetic Life Sciences to a hold rating in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Wesdome Gold Mines has a consensus rating of Buy and an average price target of C$5.75.

TSE:WDO opened at C$5.69 on Thursday. The company has a 50 day moving average of C$5.17. Wesdome Gold Mines has a 12-month low of C$2.95 and a 12-month high of C$5.83. The firm has a market capitalization of $744.90 million and a price-to-earnings ratio of 38.19. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.12 and a current ratio of 1.59.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Wednesday, May 8th. The company reported C$0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.03). The company had revenue of C$32.54 million during the quarter. On average, analysts expect that Wesdome Gold Mines will post 0.26 earnings per share 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.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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