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Wesdome Gold Mines Ltd. (TSE:WDO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$11.43.

Several research firms have recently weighed in on WDO. Canaccord Genuity Group boosted their price target on Wesdome Gold Mines from C$8.50 to C$11.75 in a report on Tuesday, April 23rd. National Bankshares reduced their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. CIBC boosted their price target on Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. TD Securities reduced 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. Finally, Eight Capital increased their target price on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a "neutral" rating in a research report on Monday, April 22nd.

Check Out Our Latest Stock Report on Wesdome Gold Mines

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock traded up C$1.12 during midday trading on Thursday, reaching C$11.18. The company's stock had a trading volume of 483,968 shares, compared to its average volume of 486,154. Wesdome Gold Mines has a 52 week low of C$6.33 and a 52 week high of C$11.28. 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 business has a 50-day moving average price of C$10.26 and a 200-day moving average price of C$8.80. The stock has a market cap of C$1.67 billion, a PE ratio of -279.50 and a beta of 0.75.


Wesdome Gold Mines (TSE:WDO - Get Free Report) last released its quarterly 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 firm 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, sell-side analysts predict that Wesdome Gold Mines will post 0.5598886 EPS for the current year.

Wesdome Gold Mines Company Profile

(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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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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