Wesdome Gold Mines (TSE:WDO) had its price target upped by Eight Capital from C$5.25 to C$6.25 in a report published on Thursday, BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the stock. National Bank Financial downgraded shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Pi Financial increased their target price on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a research note on Monday, March 25th. Canaccord Genuity downgraded shares of ProMetic Life Sciences to a hold rating in a research note on Tuesday, April 23rd. Clarus Securities raised shares of Wesdome Gold Mines from a hold rating to a buy rating in a research note on Thursday, May 9th. Finally, BMO Capital Markets increased their target price on shares of Wesdome Gold Mines from C$4.75 to C$6.00 and gave the company an outperform rating in a research note on Wednesday, March 13th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$5.75.
Wesdome Gold Mines stock opened at C$5.69 on Thursday. The stock has a market capitalization of $744.90 million and a P/E ratio of 38.19. The company’s fifty day simple moving average is C$5.17. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 6.46. Wesdome Gold Mines has a 52-week low of C$2.95 and a 52-week high of C$5.83.
Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.03). The company had revenue of C$32.54 million for the quarter. As a group, sell-side analysts anticipate that Wesdome Gold Mines will post 0.26 EPS for the current year.
Wesdome Gold Mines Company Profile
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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