Wesdome Gold Mines (TSE:WDO) Price Target Increased to C$12.00 by Analysts at Eight Capital

Wesdome Gold Mines (TSE:WDO) had its price target upped by analysts at Eight Capital from C$10.50 to C$12.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Eight Capital’s price target points to a potential upside of 12.99% from the stock’s current price.

Other equities analysts have also issued reports about the stock. National Bankshares cut their price target on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. CIBC lifted their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$11.33.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$10.62 on Monday. The firm has a market cap of C$1.58 billion, a price-to-earnings ratio of -265.50 and a beta of 0.75. The company’s 50 day moving average is C$9.90 and its 200 day moving average is C$8.57. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94. Wesdome Gold Mines has a 52-week low of C$6.33 and a 52-week high of C$11.28.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.01). Wesdome Gold Mines had a negative net margin of 1.86% and a negative return on equity of 1.50%. The business had revenue of C$102.22 million for the quarter. On average, sell-side analysts anticipate that Wesdome Gold Mines will post 0.5495825 EPS for the current fiscal year.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.