Wesdome Gold Mines (TSE:WDO) Shares Up 9.4%

Wesdome Gold Mines Ltd. (TSE:WDO – Get Rating)’s share price shot up 9.4% on Friday . The company traded as high as C$7.31 and last traded at C$7.31. 566,628 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,364,080 shares. The stock had previously closed at C$6.68.

Analyst Ratings Changes

A number of brokerages have weighed in on WDO. National Bankshares decreased their price objective on shares of Wesdome Gold Mines from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, February 14th. Royal Bank of Canada decreased their price objective on shares of Wesdome Gold Mines from C$11.00 to C$9.00 in a research report on Monday, January 23rd. Pi Financial cut their target price on shares of Wesdome Gold Mines from C$6.40 to C$6.15 in a research note on Tuesday, February 7th. Canaccord Genuity Group boosted their target price on shares of Wesdome Gold Mines from C$6.00 to C$6.50 in a research note on Monday, March 13th. Finally, TD Securities cut their target price on shares of Wesdome Gold Mines from C$9.50 to C$9.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$10.43.

Wesdome Gold Mines Stock Performance

The company has a market cap of C$1.06 billion, a PE ratio of -73.40 and a beta of 0.61. The company has a debt-to-equity ratio of 16.06, a quick ratio of 0.37 and a current ratio of 0.67. The firm’s 50 day moving average is C$6.64 and its 200-day moving average is C$7.80.

Wesdome Gold Mines (TSE:WDO – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.04). Wesdome Gold Mines had a negative net margin of 5.54% and a negative return on equity of 3.71%. The business had revenue of C$75.04 million for the quarter, compared to analysts’ expectations of C$83.00 million. On average, research analysts anticipate that Wesdome Gold Mines Ltd. will post 0.040512 earnings per share for the current fiscal year.

Wesdome Gold Mines Company Profile

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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.