Wesdome Gold Mines (TSE:WDO) Stock Price Expected to Rise, National Bank Financial Analyst Says

Wesdome Gold Mines (TSE:WDO) had its price target hoisted by National Bank Financial from C$28.00 to C$32.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 31.36% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada raised their price objective on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. Canaccord Genuity Group cut shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their target price for the company from C$27.00 to C$28.00 in a report on Monday, January 26th. Finally, TD Securities increased their target price on Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Wesdome Gold Mines presently has a consensus rating of “Hold” and a consensus price target of C$27.43.

Wesdome Gold Mines Price Performance

TSE WDO opened at C$24.36 on Friday. The company has a market cap of C$3.68 billion, a PE ratio of 12.75 and a beta of 1.15. Wesdome Gold Mines has a 52 week low of C$14.44 and a 52 week high of C$27.64. The company has a quick ratio of 0.37, a current ratio of 5.80 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is C$24.51 and its two-hundred day simple moving average is C$22.46.

Wesdome Gold Mines (TSE:WDO) last issued its earnings results on Wednesday, March 11th. The company reported C$0.78 earnings per share for the quarter. The firm had revenue of C$287.88 million during the quarter. Wesdome Gold Mines had a net margin of 38.22% and a return on equity of 44.53%. Research analysts predict that Wesdome Gold Mines will post 1.293456 earnings per share for the current year.

Wesdome Gold Mines Company Profile

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.