Wesdome Gold Mines (TSE:WDO) Cut to “Sector Perform” at National Bankshares

National Bankshares cut shares of Wesdome Gold Mines (TSE:WDO) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has C$28.00 price target on the stock, down from their previous price target of C$31.00.

Several other research firms have also commented on WDO. TD Securities raised their price objective on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group cut shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and raised their price target for the company from C$27.00 to C$28.00 in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce boosted their target price on Wesdome Gold Mines from C$24.00 to C$27.00 in a research note on Friday, October 10th. Royal Bank Of Canada boosted their price objective on Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. Finally, Stifel Nicolaus upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$20.50 to C$28.00 in a report on Monday, October 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Wesdome Gold Mines has an average rating of “Hold” and a consensus target price of C$26.86.

Wesdome Gold Mines Stock Up 2.9%

Shares of TSE:WDO opened at C$21.61 on Wednesday. The company has a market capitalization of C$3.26 billion, a price-to-earnings ratio of 11.31 and a beta of 0.83. Wesdome Gold Mines has a 12-month low of C$13.76 and a 12-month high of C$27.64. The business has a 50-day moving average price of C$23.60 and a 200 day moving average price of C$21.10. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.

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

About Wesdome Gold Mines

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.