Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec. Wesdome Gold Mines Ltd. is based in Toronto, Canada.
Wall Street Analysts Forecast Growth
Several research analysts have commented on WDO shares. Canaccord Genuity Group raised Wesdome Gold Mines to a "buy" rating and set a C$14.00 price objective on the stock in a research report on Monday, May 23rd. Echelon Wealth Partners lowered Wesdome Gold Mines from a "buy" rating to a "hold" rating in a research report on Thursday, August 11th. National Bankshares dropped their target price on Wesdome Gold Mines from C$16.00 to C$15.00 and set an "outperform" rating on the stock in a research report on Monday. BMO Capital Markets reaffirmed a "buy" rating and set a C$17.50 target price on shares of Wesdome Gold Mines in a research report on Thursday, May 12th. Finally, Eight Capital lifted their target price on Wesdome Gold Mines from C$16.00 to C$20.00 and gave the stock a "neutral" rating in a research report on Thursday, April 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$15.64.
Wesdome Gold Mines Stock Down 1.8 %
Wesdome Gold Mines stock traded down C$0.16 during midday trading on Friday, hitting C$8.63. The stock had a trading volume of 373,355 shares, compared to its average volume of 470,826. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 3.17. The stock has a market cap of C$1.23 billion and a P/E ratio of 10.16. Wesdome Gold Mines has a 12 month low of C$8.61 and a 12 month high of C$16.77. The business has a fifty day moving average price of C$10.97 and a 200 day moving average price of C$12.79.