Wesdome Gold Mines (TSE:WDO) Given New C$30.00 Price Target at TD Securities

Wesdome Gold Mines (TSE:WDO) had its price target lifted by TD Securities from C$25.00 to C$30.00 in a report released on Thursday,BayStreet.CA reports.

Several other research firms have also issued reports on WDO. Canaccord Genuity Group boosted their target price on shares of Wesdome Gold Mines from C$21.50 to C$22.50 in a report on Thursday, October 2nd. Stifel Nicolaus raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$20.50 to C$28.00 in a research note on Monday, October 20th. Royal Bank Of Canada raised their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. Finally, CIBC lifted their target price on Wesdome Gold Mines from C$24.00 to C$27.00 in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$26.07.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$25.88 on Thursday. The stock has a market capitalization of C$3.91 billion, a PE ratio of 13.55 and a beta of 0.48. The business’s 50 day simple moving average is C$23.10 and its 200 day simple moving average is C$20.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. Wesdome Gold Mines has a one year low of C$13.22 and a one year high of C$27.48.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.58 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 firm had revenue of C$230.28 million for the quarter. As a group, research 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.