Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$22.00

Wesdome Gold Mines (TSE:WDO) had its target price raised by National Bankshares from C$19.75 to C$22.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on the company. TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Desjardins raised their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wesdome Gold Mines currently has an average rating of “Moderate Buy” and an average target price of C$16.19.

Wesdome Gold Mines Trading Down 0.7 %

WDO opened at C$16.84 on Wednesday. Wesdome Gold Mines has a one year low of C$9.89 and a one year high of C$17.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 31.43 and a beta of 0.85. The stock’s 50 day moving average price is C$14.81 and its 200-day moving average price is C$13.45.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.