Canaccord Genuity Group Boosts Wesdome Gold Mines (TSE:WDO) Price Target to C$14.00

Wesdome Gold Mines (TSE:WDO) had its price objective lifted by Canaccord Genuity Group from C$11.75 to C$14.00 in a research report released on Tuesday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on the stock. CIBC upped their target price on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a research note on Wednesday, July 10th. Ventum Cap Mkts raised shares of Wesdome Gold Mines from a hold rating to a strong-buy rating in a research note on Tuesday, May 28th. Ventum Financial raised shares of Wesdome Gold Mines from a neutral rating to a buy rating and upped their price objective for the stock from C$9.65 to C$12.65 in a research note on Tuesday, May 28th. Eight Capital upped their price objective on shares of Wesdome Gold Mines from C$12.00 to C$15.00 in a research note on Thursday, July 11th. Finally, National Bankshares upped their price objective on shares of Wesdome Gold Mines from C$14.25 to C$15.00 and gave the stock an outperform rating in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Wesdome Gold Mines presently has an average rating of Moderate Buy and a consensus target price of C$13.02.

Wesdome Gold Mines Stock Down 1.7 %

Shares of WDO opened at C$12.92 on Tuesday. The firm has a market capitalization of C$1.93 billion, a P/E ratio of 430.67 and a beta of 0.75. The company has a 50-day simple moving average of C$11.73 and a 200-day simple moving average of C$10.28. Wesdome Gold Mines has a 52 week low of C$6.51 and a 52 week high of C$13.78. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.37 and a current ratio of 0.99.

Wesdome Gold Mines (TSE:WDO) last posted its earnings results on Wednesday, May 8th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. The business had revenue of C$100.92 million for the quarter. Wesdome Gold Mines had a net margin of 1.36% and a return on equity of 1.13%. On average, equities research analysts expect that Wesdome Gold Mines will post 0.6333147 earnings per share for the current year.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.