Wesdome Gold Mines Ltd. (WDO) to Distribute Quarterly Dividend of $0.03 on September 29th

Wesdome Gold Mines Ltd. (TSE:WDO) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be given a dividend of 0.0306 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Wesdome Gold Mines Stock Up 4.6%

Wesdome Gold Mines stock traded up C$1.54 during midday trading on Friday, reaching C$35.06. The company’s stock had a trading volume of 412,898 shares, compared to its average volume of 775,606. The company has a market cap of C$5.03 billion, a P/E ratio of 12.66 and a beta of 1.65. The company has a quick ratio of 0.37, a current ratio of 6.90 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of C$30.36 and a 200-day simple moving average of C$27.46. Wesdome Gold Mines has a fifty-two week low of C$18.08 and a fifty-two week high of C$36.47.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The business had revenue of C$266.76 million during the quarter. Wesdome Gold Mines had a return on equity of 43.77% and a net margin of 38.46%. On average, research analysts expect that Wesdome Gold Mines will post 1.293456 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets lowered Wesdome Gold Mines from an “outperform” rating to a “hold” rating and raised their price objective for the stock from C$30.00 to C$34.00 in a report on Wednesday, August 19th. National Bank Financial boosted their target price on Wesdome Gold Mines from C$34.50 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Stifel Nicolaus raised Wesdome Gold Mines to a “strong-buy” rating in a research report on Monday, June 29th. Desjardins raised their price target on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Wesdome Gold Mines from C$32.00 to C$35.00 in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Wesdome Gold Mines currently has a consensus rating of “Buy” and an average target price of C$33.38.

Wesdome Gold Mines Company Profile

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.