Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$30.00

Wesdome Gold Mines (TSE:WDO) had its price objective lifted by TD Securities from C$25.00 to C$30.00 in a report issued on Thursday,BayStreet.CA reports.

WDO has been the subject of several other reports. CIBC increased their price objective on Wesdome Gold Mines from C$24.00 to C$27.00 in a research note on Friday, October 10th. Stifel Nicolaus upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their target price for the company from C$20.50 to C$28.00 in a report on Monday, October 20th. Royal Bank Of Canada raised their price target on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. Finally, Canaccord Genuity Group boosted their price objective on shares of Wesdome Gold Mines from C$21.50 to C$22.50 in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$26.07.

Wesdome Gold Mines Trading Down 0.2%

TSE WDO opened at C$25.83 on Thursday. Wesdome Gold Mines has a twelve month low of C$13.64 and a twelve month high of C$27.48. 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$3.90 billion, a price-to-earnings ratio of 13.52 and a beta of 0.48. The firm’s 50 day moving average price is C$23.21 and its two-hundred day moving average price is C$20.74.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Tuesday, November 4th. The company reported C$0.58 earnings per share (EPS) for the quarter. The company had revenue of C$230.28 million during the quarter. Wesdome Gold Mines had a return on equity of 17.53% and a net margin of 17.01%. Equities analysts anticipate that Wesdome Gold Mines will post 1.293456 EPS for the current year.

Wesdome Gold Mines Company Profile

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.