Wesdome Gold Mines (TSE:WDO) Price Target Cut to C$12.00 by Analysts at TD Securities

Wesdome Gold Mines (TSE:WDOFree Report) had its price objective cut by TD Securities from C$13.00 to C$12.00 in a research report released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on WDO. CIBC upped their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Eight Capital lifted their target price on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. National Bankshares decreased their price objective on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. Finally, Canaccord Genuity Group raised their target price on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$11.43.

View Our Latest Stock Analysis on Wesdome Gold Mines

Wesdome Gold Mines Stock Up 3.0 %

Shares of Wesdome Gold Mines stock traded up C$0.33 during trading on Thursday, hitting C$11.51. 545,794 shares of the stock were exchanged, compared to its average volume of 486,802. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37. The firm’s 50-day moving average price is C$10.30 and its 200 day moving average price is C$8.82. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -287.75 and a beta of 0.75. Wesdome Gold Mines has a 12-month low of C$6.33 and a 12-month high of C$11.55.

Wesdome Gold Mines (TSE:WDOGet Free Report) last announced its quarterly earnings results 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). The company had revenue of C$102.22 million during the quarter. Wesdome Gold Mines had a negative net margin of 1.86% and a negative return on equity of 1.50%. As a group, analysts forecast that Wesdome Gold Mines will post 0.5598886 earnings per share for the current fiscal year.

Wesdome Gold Mines Company Profile

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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.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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