Wesdome Gold Mines (TSE:WDO) Given New C$12.00 Price Target at Eight Capital

Wesdome Gold Mines (TSE:WDO - Get Free Report) had its target price lifted by stock analysts at Eight Capital from C$10.50 to C$12.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a "neutral" rating on the stock. Eight Capital's price objective points to a potential upside of 16.73% from the stock's previous close.

WDO has been the topic of a number of other research reports. National Bankshares cut their price target on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday. CIBC increased their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Wesdome Gold Mines currently has a consensus rating of "Hold" and a consensus price target of C$11.25.

Wesdome Gold Mines Trading Down 8.1 %

Shares of TSE WDO traded down C$0.90 during midday trading on Monday, hitting C$10.28. 478,624 shares of the company traded hands, compared to its average volume of 518,779. The firm has a market cap of C$1.53 billion, a P/E ratio of -260.50 and a beta of 0.75. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92. Wesdome Gold Mines has a 12-month low of C$6.33 and a 12-month high of C$11.28. The stock has a 50-day moving average price of C$9.84 and a 200 day moving average price of C$8.52.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last posted 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 net margin of 1.86% and a negative return on equity of 1.50%. The firm had revenue of C$102.22 million for the quarter. As a group, analysts expect that Wesdome Gold Mines will post 0.5495825 earnings per share for the current year.

About Wesdome Gold Mines

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.