Wesdome Gold Mines (TSE:WDO) had its price objective hoisted by analysts at Pi Financial from C$4.10 to C$4.30 in a research report issued to clients and investors on Monday. Pi Financial’s price objective indicates a potential downside of 5.91% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Clarus Securities downgraded shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Eight Capital downgraded shares of Wesdome Gold Mines from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. BMO Capital Markets raised their price objective on shares of Wesdome Gold Mines from C$4.75 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. National Bank Financial raised their price objective on shares of Wesdome Gold Mines from C$4.50 to C$4.75 and gave the stock an “outperform” rating in a report on Thursday, December 13th. Finally, Industrial Alliance Securities raised their price objective on shares of Wesdome Gold Mines from C$5.50 to C$6.20 and gave the stock a “strong-buy” rating in a report on Monday, January 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$5.03.
WDO traded up C$0.17 on Monday, hitting C$4.57. The company’s stock had a trading volume of 271,099 shares, compared to its average volume of 693,315. The company has a market cap of $596.20 million and a PE ratio of 41.18. Wesdome Gold Mines has a 12 month low of C$1.84 and a 12 month high of C$5.46. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 6.23.
Wesdome Gold Mines Company Profile
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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