Wesdome Gold Mines (TSE:WDO) Price Target Increased to C$16.00 by Analysts at Eight Capital

Wesdome Gold Mines (TSE:WDO) had its price objective hoisted by Eight Capital from C$15.00 to C$16.00 in a research report released on Thursday, BayStreet.CA reports.

A number of other research firms also recently issued reports on WDO. Ventum Financial upgraded shares of Wesdome Gold Mines from a neutral rating to a buy rating and lifted their price objective for the company from C$9.65 to C$12.65 in a report on Tuesday, May 28th. TD Securities lowered their price target on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Ventum Cap Mkts upgraded shares of Wesdome Gold Mines from a hold rating to a strong-buy rating in a research note on Tuesday, May 28th. CIBC raised their price objective on Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Finally, National Bankshares upped their target price on Wesdome Gold Mines from C$14.25 to C$15.00 and gave the stock an outperform rating in a report on Tuesday, May 14th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$13.77.

Wesdome Gold Mines Stock Up 3.4 %

TSE WDO traded up C$0.46 during trading on Thursday, hitting C$13.97. The stock had a trading volume of 563,997 shares, compared to its average volume of 449,695. Wesdome Gold Mines has a 12 month low of C$6.81 and a 12 month high of C$14.99. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.37 and a current ratio of 0.99. The company’s 50-day moving average price is C$12.29 and its two-hundred day moving average price is C$10.87. The company has a market capitalization of C$2.09 billion, a PE ratio of 450.33 and a beta of 0.75.

About Wesdome Gold Mines

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.