Canaccord Genuity Group Increases Wesdome Gold Mines (TSE:WDO) Price Target to C$11.75

Wesdome Gold Mines (TSE:WDO) had its target price hoisted by Canaccord Genuity Group from C$8.50 to C$11.75 in a research report report published on Tuesday morning, BayStreet.CA reports.

WDO has been the topic of a number of other reports. National Bankshares lowered their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday, April 19th. CIBC upped their price target on Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th. Finally, Eight Capital upped their price target on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$11.33.

Wesdome Gold Mines Stock Up 0.9 %

Shares of WDO stock opened at C$10.92 on Tuesday. Wesdome Gold Mines has a 12 month low of C$6.33 and a 12 month high of C$11.28. The firm has a market cap of C$1.63 billion, a PE ratio of -273.00 and a beta of 0.75. The stock has a 50 day moving average of C$10.01 and a 200-day moving average of C$8.62. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Tuesday, March 12th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. The business had revenue of C$102.22 million for the quarter. On average, equities analysts predict that Wesdome Gold Mines will post 0.5495825 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.