Wesdome Gold Mines (TSE:WDO) PT Set at C$24.00 by CIBC

Wesdome Gold Mines (TSE:WDO) received a C$24.00 price objective from CIBC in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 10.70% from the stock’s previous close.

Several other equities analysts have also recently weighed in on WDO. Stifel Nicolaus cut Wesdome Gold Mines from a “buy” rating to a “hold” rating and reduced their price target for the company from C$24.00 to C$20.50 in a research report on Friday, August 15th. Canaccord Genuity Group lifted their price target on Wesdome Gold Mines from C$21.50 to C$22.50 in a research report on Thursday, October 2nd. Finally, Stifel Canada lowered Wesdome Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold 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 price target of C$22.50.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$21.68 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The business has a fifty day simple moving average of C$19.00 and a two-hundred day simple moving average of C$18.19. Wesdome Gold Mines has a 1 year low of C$10.89 and a 1 year high of C$23.41. The company has a market capitalization of C$3.27 billion, a P/E ratio of 13.55 and a beta of 0.62.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.