Eight Capital Raises Wesdome Gold Mines (TSE:WDO) Price Target to C$12.00

Wesdome Gold Mines (TSE:WDO) had its price target increased by Eight Capital from C$10.50 to C$12.00 in a research report released on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. National Bankshares cut their price target on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. CIBC raised their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wesdome Gold Mines presently has an average rating of Hold and an average price target of C$11.33.

Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock opened at C$10.66 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94. Wesdome Gold Mines has a twelve month low of C$6.33 and a twelve month high of C$11.28. The stock has a market cap of C$1.59 billion, a price-to-earnings ratio of -266.50 and a beta of 0.75. The company’s fifty day moving average is C$9.94 and its 200 day moving average is C$8.58.

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