CIBC Boosts Wesdome Gold Mines (TSE:WDO) Price Target to C$14.00

Wesdome Gold Mines (TSE:WDO) had its target price lifted by CIBC from C$12.00 to C$14.00 in a research report report published on Monday, BayStreet.CA reports.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$11.05 on Monday. Wesdome Gold Mines has a twelve month low of C$6.33 and a twelve month high of C$11.28. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94. The company has a 50-day moving average of C$9.80 and a 200-day moving average of C$8.47. The firm has a market cap of C$1.65 billion, a price-to-earnings ratio of -276.25 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share 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. Analysts forecast that Wesdome Gold Mines will post 0.5495825 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.