Wesdome Gold Mines Ltd. (TSE:WDO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$12.20.

WDO has been the topic of a number of analyst reports. Ventum Financial raised Wesdome Gold Mines from a “neutral” rating to a “buy” rating and upped their target price for the company from C$9.65 to C$12.65 in a research note on Tuesday, May 28th. CIBC raised their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday, April 15th. National Bankshares raised their target price on Wesdome Gold Mines from C$14.25 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Eight Capital increased their price target on Wesdome Gold Mines from C$10.50 to C$12.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group raised their target price on Wesdome Gold Mines from C$8.50 to C$11.75 in a research report on Tuesday, April 23rd.

Wesdome Gold Mines Price Performance

TSE:WDO opened at C$11.07 on Friday. Wesdome Gold Mines has a 12 month low of C$6.47 and a 12 month high of C$11.96. The company has a current ratio of 0.99, a quick ratio of 0.37 and a debt-to-equity ratio of 7.15. The business’s 50-day moving average is C$10.99 and its 200 day moving average is C$9.64. The company has a market capitalization of C$1.66 billion, a P/E ratio of 369.00 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. The business had revenue of C$100.92 million for the quarter. Wesdome Gold Mines had a return on equity of 1.13% and a net margin of 1.36%. On average, equities research analysts forecast that Wesdome Gold Mines will post 0.6333147 earnings per share for the current fiscal year.

About Wesdome Gold Mines

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.