Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$16.09 Consensus Target Price from Brokerages

Wesdome Gold Mines Ltd. (TSE:WDOGet Rating) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$16.09.

A number of brokerages recently issued reports on WDO. Echelon Wealth Partners upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. BMO Capital Markets reiterated a “buy” rating and issued a C$17.50 price objective on shares of Wesdome Gold Mines in a research note on Thursday, May 12th. TD Securities reduced their price target on Wesdome Gold Mines from C$19.00 to C$15.00 in a research report on Thursday, July 21st. Eight Capital boosted their price target on Wesdome Gold Mines from C$16.00 to C$20.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Finally, Royal Bank of Canada dropped their price objective on shares of Wesdome Gold Mines from C$17.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Monday, July 18th.

Wesdome Gold Mines Price Performance

Shares of TSE WDO opened at C$10.82 on Monday. Wesdome Gold Mines has a fifty-two week low of C$8.82 and a fifty-two week high of C$16.77. The company has a market cap of C$1.54 billion and a PE ratio of 11.89. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.42. The business has a 50-day simple moving average of C$11.38 and a two-hundred day simple moving average of C$12.88.

Wesdome Gold Mines (TSE:WDOGet Rating) last released its earnings results on Wednesday, May 11th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.09). The company had revenue of C$66.69 million for the quarter. As a group, equities analysts expect that Wesdome Gold Mines will post 0.9428336 EPS for the current fiscal year.

About Wesdome Gold Mines

(Get Rating)

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.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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