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Wesdome Gold Mines (TSE:WDO) Shares Up 7.2%

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report)'s stock price was up 7.2% during mid-day trading on Thursday . The company traded as high as C$10.88 and last traded at C$10.78. Approximately 141,696 shares were traded during trading, a decline of 71% from the average daily volume of 482,124 shares. The stock had previously closed at C$10.06.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WDO shares. CIBC lifted their price objective on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. Eight Capital lifted their price objective on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a "neutral" rating in a research note on Monday, April 22nd. TD Securities lowered their price objective on Wesdome Gold Mines from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Thursday. National Bankshares lowered their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Finally, Canaccord Genuity Group lifted their price objective on Wesdome Gold Mines from C$8.50 to C$11.75 in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$11.43.

Get Our Latest Stock Analysis on WDO


Wesdome Gold Mines Stock Up 11.1 %

The company has a 50 day moving average price of C$10.26 and a two-hundred day moving average price of C$8.80. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37. 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 posted 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 business 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%. Analysts expect that Wesdome Gold Mines Ltd. 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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