Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$12.00

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

Several other analysts also recently issued reports on the company. CIBC upped their price target on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. National Bankshares decreased their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Wesdome Gold Mines currently has an average rating of Hold and an average target price of C$11.33.

Wesdome Gold Mines Stock Up 0.4 %

TSE:WDO opened at C$10.66 on Monday. The business’s fifty day moving average price is C$9.94 and its 200 day moving average price is C$8.58. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94. Wesdome Gold Mines has a 1-year low of C$6.33 and a 1-year high of C$11.28. The firm has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -266.50 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings results 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). The company had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. On average, sell-side analysts forecast 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.