Recent Investment Analysts’ Ratings Updates for Wesdome Gold Mines (WDO)

Wesdome Gold Mines (TSE: WDO) has recently received a number of price target changes and ratings updates:

  • 7/24/2019 – Wesdome Gold Mines had its price target raised by analysts at Pi Financial from C$4.50 to C$5.65.
  • 7/23/2019 – Wesdome Gold Mines had its price target raised by analysts at National Bank Financial from C$6.25 to C$7.00.
  • 7/17/2019 – Wesdome Gold Mines was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating. They now have a C$6.00 price target on the stock, up previously from C$5.75.
  • 7/12/2019 – Wesdome Gold Mines had its price target raised by analysts at National Bank Financial from C$6.00 to C$6.25. They now have an “outperform” rating on the stock.
  • 7/11/2019 – Wesdome Gold Mines had its price target raised by analysts at Eight Capital from C$5.25 to C$6.25.
  • 6/28/2019 – Wesdome Gold Mines had its price target raised by analysts at National Bank Financial from C$5.75 to C$6.00. They now have an “outperform” rating on the stock.

Shares of WDO stock traded down C$0.10 during trading on Wednesday, hitting C$6.79. 672,667 shares of the stock traded hands, compared to its average volume of 628,017. The company has a market capitalization of $839.80 million and a price-to-earnings ratio of 45.57. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.59 and a quick ratio of 1.12. The firm’s fifty day moving average price is C$5.73. Wesdome Gold Mines Ltd has a 52-week low of C$2.95 and a 52-week high of C$7.02.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Wednesday, May 8th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The business had revenue of C$32.54 million during the quarter. On average, equities analysts forecast that Wesdome Gold Mines Ltd will post 0.28 earnings per share for the current year.

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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