Wesdome Gold Mines (TSE:WDO) Sets New 12-Month High at $11.46

Wesdome Gold Mines Ltd. (TSE:WDOGet Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$11.46 and last traded at C$11.45, with a volume of 85569 shares traded. The stock had previously closed at C$11.18.

Wall Street Analyst Weigh In

WDO has been the topic of several research analyst reports. National Bankshares lowered their price objective on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday, April 19th. Eight Capital boosted their target price on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Canaccord Genuity Group boosted their target price on Wesdome Gold Mines from C$8.50 to C$11.75 in a report on Tuesday, April 23rd. CIBC increased their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th. Finally, TD Securities decreased their target price on Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.43.

Get Our Latest Stock Analysis on WDO

Wesdome Gold Mines Stock Performance

The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94. The stock has a market cap of C$1.72 billion, a P/E ratio of -287.75 and a beta of 0.75. The business has a 50 day moving average price of C$10.30 and a 200 day moving average price of C$8.83.

Wesdome Gold Mines (TSE:WDOGet Free Report) last posted its 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 return on equity of 1.50% and a negative net margin of 1.86%. The company had revenue of C$102.22 million for the quarter. As a group, sell-side analysts expect that Wesdome Gold Mines Ltd. will post 0.5598886 EPS for the current year.

Wesdome Gold Mines Company Profile

(Get Free Report)

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.

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