Wesdome Gold Mines (TSE:WDO) had its target price reduced by Pi Financial from C$4.15 to C$3.75 in a research note issued to investors on Friday. Pi Financial’s target price would indicate a potential upside of 13.29% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a report on Tuesday, June 12th. Eight Capital raised their target price on shares of Wesdome Gold Mines from C$3.00 to C$4.70 in a report on Monday, July 23rd. Industrial Alliance Securities upgraded shares of Wesdome Gold Mines from a “buy” rating to a “strong-buy” rating and set a C$5.00 target price for the company in a report on Tuesday, June 12th. Finally, Desjardins raised their target price on shares of Wesdome Gold Mines from C$3.15 to C$4.00 in a report on Wednesday, June 27th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$4.20.

Shares of Wesdome Gold Mines stock traded down C$0.01 during trading on Friday, hitting C$3.31. The stock had a trading volume of 109,958 shares, compared to its average volume of 434,611. Wesdome Gold Mines has a 12 month low of C$1.64 and a 12 month high of C$3.83.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Wednesday, August 1st. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.03). The firm had revenue of C$31.44 million during the quarter. Wesdome Gold Mines had a return on equity of 0.86% and a net margin of 1.40%.

In related news, Director Charles Main purchased 40,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Wednesday, June 13th. The shares were bought at an average price of C$2.60 per share, with a total value of C$104,000.00. Also, Director Warwick Morley-Jepson purchased 20,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Thursday, August 16th. The stock was bought at an average cost of C$3.24 per share, for a total transaction of C$64,800.00.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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