Canaccord Genuity Group Boosts Wesdome Gold Mines (TSE:WDO) Price Target to C$11.75

Wesdome Gold Mines (TSE:WDO) had its price target increased by Canaccord Genuity Group from C$8.50 to C$11.75 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. National Bankshares decreased their target price on Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday, April 19th. Eight Capital boosted their price objective on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a neutral rating in a report on Monday. Finally, CIBC increased their target price on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of C$11.33.

Wesdome Gold Mines Trading Up 3.3 %

Shares of TSE WDO opened at C$10.62 on Tuesday. Wesdome Gold Mines has a fifty-two week low of C$6.33 and a fifty-two week high of C$11.28. The firm has a market capitalization of C$1.58 billion, a P/E ratio of -265.50 and a beta of 0.75. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37. The company’s 50 day simple moving average is C$9.90 and its 200 day simple moving average is C$8.57.

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

About Wesdome Gold Mines

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.