Wesdome Gold Mines (TSE:WDO) Downgraded by National Bankshares to Sector Perform

National Bankshares lowered shares of Wesdome Gold Mines (TSE:WDO) from an outperform rating to a sector perform rating in a report released on Wednesday morning,BayStreet.CA reports. They currently have C$28.00 price objective on the stock, down from their previous price objective of C$31.00.

A number of other equities analysts have also weighed in on WDO. TD Securities lifted their price target on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. Royal Bank Of Canada lifted their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. Stifel Nicolaus upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their price target for the stock from C$20.50 to C$28.00 in a research note on Monday, October 20th. Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$27.00 to C$28.00 in a report on Monday, January 26th. Finally, CIBC lifted their price objective on Wesdome Gold Mines from C$24.00 to C$27.00 in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$26.86.

Wesdome Gold Mines Stock Performance

TSE WDO opened at C$21.36 on Wednesday. The business’s 50-day moving average price is C$23.63 and its 200 day moving average price is C$21.07. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines has a twelve month low of C$13.76 and a twelve month high of C$27.64. The company has a market capitalization of C$3.22 billion, a PE ratio of 11.18 and a beta of 0.83.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.58 EPS for the quarter. Wesdome Gold Mines had a net margin of 17.01% and a return on equity of 17.53%. The company had revenue of C$230.28 million during the quarter. On average, research analysts predict that Wesdome Gold Mines will post 1.293456 earnings per share for the current year.

About Wesdome Gold Mines

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.