Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$11.75 at Canaccord Genuity Group

Wesdome Gold Mines (TSE:WDO) had its target price raised by Canaccord Genuity Group from C$8.50 to C$11.75 in a research note issued to investors on Tuesday, BayStreet.CA reports.

A number of other analysts also recently commented on the stock. National Bankshares dropped their target price on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. Eight Capital raised their price objective on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a neutral rating in a research note on Monday. Finally, CIBC boosted their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of C$11.33.

Wesdome Gold Mines Stock Up 3.3 %

Shares of WDO stock opened at C$10.62 on Tuesday. Wesdome Gold Mines has a 1 year low of C$6.33 and a 1 year high of C$11.28. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92. The business’s fifty day moving average is C$9.90 and its 200-day moving average is C$8.57. The stock has a market cap of C$1.58 billion, a PE ratio of -265.50 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Equities analysts expect that Wesdome Gold Mines will post 0.5495825 earnings per share for the current fiscal year.

About Wesdome Gold Mines

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.