Canaccord Genuity Group Boosts Wesdome Gold Mines (TSE:WDO) Price Target to C$11.75

Wesdome Gold Mines (TSE:WDO) had its price target upped by analysts at Canaccord Genuity Group from C$8.50 to C$11.75 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 10.02% from the stock’s current price.

Several other brokerages have also weighed in on WDO. National Bankshares decreased their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday. Eight Capital boosted their price target on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a research report on Monday. Finally, CIBC raised their price objective on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$11.33.

Wesdome Gold Mines Stock Performance

WDO traded up C$0.40 during midday trading on Tuesday, reaching C$10.68. The company had a trading volume of 198,917 shares, compared to its average volume of 514,650. Wesdome Gold Mines has a 12-month low of C$6.33 and a 12-month high of C$11.28. The business has a 50-day moving average price of C$9.86 and a two-hundred day moving average price of C$8.55. The stock has a market cap of C$1.59 billion, a PE ratio of -266.50 and a beta of 0.75. The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.01). Wesdome Gold Mines had a negative net margin of 1.86% and a negative return on equity of 1.50%. The firm had revenue of C$102.22 million during the quarter. On average, sell-side analysts expect that Wesdome Gold Mines will post 0.5495825 earnings per share for the current fiscal 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.