Wesdome Gold Mines (TSE:WDO) Stock Price Expected to Rise, Desjardins Analyst Says

Wesdome Gold Mines (TSE:WDO) had its price objective lifted by analysts at Desjardins from C$17.50 to C$18.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 13.78% from the stock’s previous close. Desjardins also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $1.44 EPS, FY2026 earnings at $1.65 EPS and FY2027 earnings at $1.45 EPS.

Separately, TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$15.63.

Wesdome Gold Mines Price Performance

TSE:WDO opened at C$15.82 on Thursday. Wesdome Gold Mines has a 52 week low of C$9.49 and a 52 week high of C$16.27. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The company has a market capitalization of C$2.40 billion, a P/E ratio of 29.52 and a beta of 0.85. The stock’s fifty day moving average is C$14.49 and its two-hundred day moving average is C$13.31.

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.