Wesdome Gold Mines (TSE:WDO) Given New C$6.00 Price Target at National Bank Financial

Wesdome Gold Mines (TSE:WDO) had its price objective raised by National Bank Financial from C$5.75 to C$6.00 in a research report released on Friday, June 28th, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on WDO. Clarus Securities upgraded shares of Wesdome Gold Mines from a hold rating to a buy rating in a report on Thursday, May 9th. BMO Capital Markets increased their target price 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. Eight Capital upgraded shares of Wesdome Gold Mines from a neutral rating to a buy rating in a report on Thursday, May 9th. Pi Financial raised their price objective on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a report on Monday, March 25th. Finally, Canaccord Genuity lowered shares of ProMetic Life Sciences to a hold rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$5.79.

TSE WDO remained flat at $C$6.27 during trading hours on Friday. 864,300 shares of the company traded hands, compared to its average volume of 623,387. The firm has a fifty day moving average of C$5.38. Wesdome Gold Mines has a fifty-two week low of C$2.95 and a fifty-two week high of C$6.41. The company has a market capitalization of $856.48 million and a price-to-earnings ratio of 42.08. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 6.46.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.03). The company had revenue of C$32.54 million for the quarter. Equities analysts expect that Wesdome Gold Mines will post 0.26 EPS for the current fiscal year.

About Wesdome Gold Mines

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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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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