Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$6.50 at Canaccord Genuity Group

Wesdome Gold Mines (TSE:WDO – Get Rating) had its target price boosted by Canaccord Genuity Group from C$6.00 to C$6.50 in a research report released on Monday morning, BayStreet.CA reports.

WDO has been the subject of several other research reports. Pi Financial lowered their price target on shares of Wesdome Gold Mines from C$6.40 to C$6.15 in a research report on Tuesday, February 7th. Royal Bank of Canada reduced their price objective on shares of Wesdome Gold Mines from C$11.00 to C$9.00 in a research note on Monday, January 23rd. National Bankshares reduced their price objective on shares of Wesdome Gold Mines from C$9.50 to C$8.50 and set an outperform rating on the stock in a research note on Tuesday, February 14th. BMO Capital Markets reduced their price objective on shares of Wesdome Gold Mines from C$15.00 to C$14.00 in a research note on Wednesday, January 18th. Finally, TD Securities reduced their price objective on shares of Wesdome Gold Mines from C$9.50 to C$9.00 and set a buy rating on the stock in a research note on Thursday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Wesdome Gold Mines currently has an average rating of Moderate Buy and an average target price of C$10.43.

Wesdome Gold Mines Stock Up 7.6 %

Shares of TSE:WDO opened at C$6.81 on Monday. Wesdome Gold Mines has a one year low of C$6.00 and a one year high of C$16.23. The company has a 50 day moving average of C$6.73 and a 200-day moving average of C$7.83. The company has a debt-to-equity ratio of 16.06, a current ratio of 0.67 and a quick ratio of 0.37. The stock has a market cap of C$981.18 million, a price-to-earnings ratio of -68.10 and a beta of 0.61.

Wesdome Gold Mines (TSE:WDO – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.04). Wesdome Gold Mines had a negative return on equity of 3.71% and a negative net margin of 5.54%. The business had revenue of C$75.04 million for the quarter, compared to analyst estimates of C$83.00 million. On average, sell-side analysts forecast that Wesdome Gold Mines will post 0.040512 earnings per share for the current 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.