Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$12.05 and last traded at C$11.99, with a volume of 21497 shares changing hands. The stock had previously closed at C$11.91.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Ventum Financial upgraded shares of Wesdome Gold Mines from a “neutral” rating to a “buy” rating and upped their price target for the company from C$9.65 to C$12.65 in a report on Tuesday, May 28th. National Bankshares raised their target price on Wesdome Gold Mines from C$14.25 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Canaccord Genuity Group lifted their price target on Wesdome Gold Mines from C$8.50 to C$11.75 in a research report on Tuesday, April 23rd. CIBC increased their price objective on Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th. Finally, TD Securities dropped their target price on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Wesdome Gold Mines has an average rating of “Moderate Buy” and an average price target of C$12.20.
Read Our Latest Report on Wesdome Gold Mines
Wesdome Gold Mines Stock Performance
Wesdome Gold Mines (TSE:WDO – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. The business had revenue of C$100.92 million for the quarter. Wesdome Gold Mines had a net margin of 1.36% and a return on equity of 1.13%. As a group, equities analysts predict that Wesdome Gold Mines Ltd. will post 0.6333147 EPS for the current year.
Wesdome Gold Mines Company Profile
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.
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