Wesdome Gold Mines (TSE:WDO) PT Lowered to C$9.00

Wesdome Gold Mines (TSE:WDOGet Rating) had its target price trimmed by Royal Bank of Canada from C$11.00 to C$9.00 in a research note published on Monday, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the stock. Eight Capital cut their target price on shares of Wesdome Gold Mines from C$17.50 to C$15.00 in a report on Wednesday, October 26th. BMO Capital Markets lowered their price objective on Wesdome Gold Mines from C$15.00 to C$14.00 in a research note on Wednesday, January 18th. Canaccord Genuity Group cut their target price on Wesdome Gold Mines from C$10.00 to C$9.00 in a research note on Thursday, October 20th. TD Securities lowered their price target on shares of Wesdome Gold Mines from C$12.50 to C$11.50 and set a buy rating for the company in a research report on Thursday, November 10th. Finally, National Bankshares dropped their price objective on shares of Wesdome Gold Mines from C$14.00 to C$11.25 and set an outperform rating on the stock in a report on Friday, January 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$12.39.

Wesdome Gold Mines Price Performance

Shares of TSE WDO opened at C$6.60 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 9.89. The company has a market capitalization of C$940.41 million and a price-to-earnings ratio of 73.33. Wesdome Gold Mines has a twelve month low of C$6.27 and a twelve month high of C$16.77. The business has a 50 day simple moving average of C$8.09 and a 200-day simple moving average of C$8.69.

Wesdome Gold Mines (TSE:WDOGet Rating) last released its earnings results on Wednesday, November 9th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.10). The business had revenue of C$61.82 million for the quarter, compared to analysts’ expectations of C$62.00 million. As a group, equities research analysts expect that Wesdome Gold Mines will post 0.57 earnings per share for the current year.

Insider Activity at Wesdome Gold Mines

In other Wesdome Gold Mines news, Director Charles Main sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of C$8.60, for a total transaction of C$86,000.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately C$43,000.

Wesdome Gold Mines Company Profile

(Get Rating)

Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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