Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$24.25 Average PT from Analysts

Wesdome Gold Mines Ltd. (TSE:WDO) has been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$24.25.

Several research firms recently issued reports on WDO. CIBC upped their target price on Wesdome Gold Mines from C$24.00 to C$27.00 in a research report on Friday, October 10th. Canaccord Genuity Group increased their price objective on Wesdome Gold Mines from C$21.50 to C$22.50 in a report on Thursday, October 2nd. Stifel Canada upgraded Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Stifel Nicolaus raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$20.50 to C$28.00 in a report on Monday, October 20th.

Wesdome Gold Mines Stock Up 1.1%

WDO stock opened at C$21.44 on Friday. The stock has a market capitalization of C$3.24 billion, a PE ratio of 11.23 and a beta of 0.81. Wesdome Gold Mines has a 52 week low of C$11.68 and a 52 week high of C$24.80. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of C$21.29 and a 200 day moving average of C$19.26.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.57 earnings per share (EPS) for the quarter. Wesdome Gold Mines had a net margin of 17.01% and a return on equity of 17.53%. The business had revenue of C$230.28 million for the quarter. Sell-side analysts forecast that Wesdome Gold Mines will post 1.293456 earnings per share for the current year.

About Wesdome Gold Mines

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.