Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$6.50 at Canaccord Genuity Group

Wesdome Gold Mines (TSE:WDO – Get Rating) had its price objective lifted by Canaccord Genuity Group from C$6.00 to C$6.50 in a report released on Monday, BayStreet.CA reports.

WDO has been the topic of several other reports. Royal Bank of Canada decreased their price objective on shares of Wesdome Gold Mines from C$11.00 to C$9.00 in a report on Monday, January 23rd. National Bankshares decreased their price objective on shares of Wesdome Gold Mines from C$9.50 to C$8.50 and set an outperform rating on the stock in a report on Tuesday, February 14th. BMO Capital Markets decreased their price objective on shares of Wesdome Gold Mines from C$15.00 to C$14.00 in a report on Wednesday, January 18th. TD Securities decreased their price objective on shares of Wesdome Gold Mines from C$9.50 to C$9.00 and set a buy rating on the stock in a report on Thursday, February 23rd. Finally, Pi Financial decreased their price objective on shares of Wesdome Gold Mines from C$6.40 to C$6.15 in a report on Tuesday, February 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$10.43.

Wesdome Gold Mines Price Performance

Shares of WDO opened at C$6.81 on Monday. The company has a market cap of C$981.18 million, a price-to-earnings ratio of -68.10 and a beta of 0.61. Wesdome Gold Mines has a 1-year low of C$6.00 and a 1-year high of C$16.23. The company’s fifty day simple moving average is C$6.73 and its 200 day simple moving average is C$7.83. The company has a current ratio of 0.67, a quick ratio of 0.37 and a debt-to-equity ratio of 16.06.

Wesdome Gold Mines (TSE:WDO – Get Rating) last issued its earnings results on Wednesday, February 22nd. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.04). The firm had revenue of C$75.04 million for the quarter, compared to analyst estimates of C$83.00 million. Wesdome Gold Mines had a negative return on equity of 3.71% and a negative net margin of 5.54%. On average, research analysts forecast that Wesdome Gold Mines will post 0.040512 earnings per share for the current fiscal year.

Wesdome Gold Mines Company Profile

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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.