Wesdome Gold Mines Ltd. (TSE:WDO) Stock Has Average Price Target of C$33.38

Key Points

• Analysts maintain a bullish outlook: Wesdome Gold Mines has an average “Buy” rating from six brokerages, with a consensus 12-month price target of C$33.38; several firms recently raised their targets to C$40.00.
• Wesdome reported quarterly EPS of C$0.65 on revenue of C$266.76 million, alongside a 38.46% net margin and 43.77% return on equity.
• The company paid a quarterly dividend of C$0.0306 per share, equivalent to an annualized C$0.12 and a 0.4% yield. Director Anthea Ingrid Bath also sold 66,961 shares valued at approximately C$2.09 million.

Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$33.38.

A number of equities research analysts recently weighed in on WDO shares. National Bank Financial raised their price target on shares of 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. BMO Capital Markets cut shares of Wesdome Gold Mines from an "outperform" rating to a "hold" rating and upped their price objective for the company from C$30.00 to C$34.00 in a research report on Wednesday, August 19th. Stifel Nicolaus raised shares of Wesdome Gold Mines to a "strong-buy" rating in a research report on Monday, June 29th. Canadian Imperial Bank of Commerce raised their target price on Wesdome Gold Mines from C$32.00 to C$35.00 in a research note on Friday, August 21st. Finally, Desjardins lifted their target price on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th.

Wesdome Gold Mines Stock Down 4.0%

TSE WDO opened at C$33.07 on Thursday. The company has a quick ratio of 0.37, a current ratio of 6.90 and a debt-to-equity ratio of 0.73. Wesdome Gold Mines has a fifty-two week low of C$19.48 and a fifty-two week high of C$37.22. The business has a 50 day moving average price of C$33.60 and a two-hundred day moving average price of C$28.75. The stock has a market cap of C$4.75 billion, a PE ratio of 11.94 and a beta of 1.32.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%. The company had revenue of C$266.76 million for the quarter. As a group, sell-side analysts predict that Wesdome Gold Mines will post 1.293456 EPS for the current fiscal year.

Wesdome Gold Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0306 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, September 15th.

Insider Transactions at Wesdome Gold Mines

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath sold 66,961 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$31.15, for a total value of C$2,085,835.15. Following the transaction, the director directly owned 130,128 shares of the company's stock, valued at C$4,053,487.20. This represents a 33.98% decrease in their position. 0.17% of the stock is owned by corporate insiders.

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.

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