Eight Capital Increases Wesdome Gold Mines (TSE:WDO) Price Target to C$12.00

Wesdome Gold Mines (TSE:WDO) had its target price raised by Eight Capital from C$10.50 to C$12.00 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. CIBC increased their price objective on Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. National Bankshares lowered their target price on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of C$11.25.

Wesdome Gold Mines Price Performance

Shares of Wesdome Gold Mines stock opened at C$10.28 on Monday. The company has a fifty day moving average of C$9.86 and a 200-day moving average of C$8.55. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92. Wesdome Gold Mines has a 52-week low of C$6.33 and a 52-week high of C$11.28. The stock has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -257.00 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last posted its earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.01). Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. The business had revenue of C$102.22 million during the quarter. Equities research analysts expect that Wesdome Gold Mines will post 0.5495825 EPS for the current year.

Wesdome Gold Mines Company Profile

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.