Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$18.00

Wesdome Gold Mines (TSE:WDO) had its target price raised by equities research analysts at Desjardins from C$17.50 to C$18.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 15.16% from the company’s current price.

Separately, TD Securities raised shares of Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$15.63.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO traded down C$0.50 during midday trading on Thursday, reaching C$15.63. The company’s stock had a trading volume of 624,665 shares, compared to its average volume of 384,661. The firm has a market capitalization of C$2.37 billion, a PE ratio of 29.17 and a beta of 0.85. Wesdome Gold Mines has a twelve month low of C$9.49 and a twelve month high of C$16.27. The stock has a fifty day moving average of C$14.39 and a 200 day moving average of C$13.27. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30.

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.