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Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$15.00

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Wesdome Gold Mines (TSE:WDO - Free Report) had its price objective hoisted by National Bankshares from C$14.25 to C$15.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

WDO has been the topic of a number of other research reports. TD Securities dropped their target price on Wesdome Gold Mines from C$13.00 to C$12.00 and set a buy rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group upped their price objective on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a research report on Tuesday, April 23rd. CIBC raised their target price on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. Finally, Eight Capital boosted their price target on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$11.54.

Get Our Latest Stock Report on WDO


Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock traded up C$0.30 during trading on Tuesday, reaching C$11.36. The company's stock had a trading volume of 281,873 shares, compared to its average volume of 481,895. Wesdome Gold Mines has a fifty-two week low of C$6.33 and a fifty-two week high of C$11.55. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94. The firm has a market cap of C$1.69 billion, a PE ratio of -284.00 and a beta of 0.75. The company has a 50-day moving average price of C$10.36 and a two-hundred day moving average price of C$8.89.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The business had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. On average, analysts forecast that Wesdome Gold Mines will post 0.5598886 EPS for the current year.

About Wesdome Gold Mines

(Get Free Report)

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.

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