Wesdome Gold Mines (TSE:WDO) Price Target Lowered to C$12.00 at TD Securities

Wesdome Gold Mines (TSE:WDO - Get Free Report) had its target price reduced by equities research analysts at TD Securities from C$13.00 to C$12.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 7.33% from the stock's previous close.

Other research analysts have also issued reports about the company. National Bankshares cut their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. Eight Capital raised 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 report on Monday, April 22nd. CIBC upped their price objective on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Finally, Canaccord Genuity Group raised their target price on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Wesdome Gold Mines currently has a consensus rating of "Moderate Buy" and an average price target of C$11.43.

Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock traded up C$1.12 during midday trading on Thursday, hitting C$11.18. The company had a trading volume of 483,968 shares, compared to its average volume of 486,154. The company has a fifty day simple moving average of C$10.26 and a 200 day simple moving average of C$8.80. The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of -279.50 and a beta of 0.75. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94. Wesdome Gold Mines has a 12-month low of C$6.33 and a 12-month high of C$11.28.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.03 by C($0.01). The company had revenue of C$102.22 million during the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. As a group, analysts predict that Wesdome Gold Mines will post 0.5598886 earnings per share for the current fiscal 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.