Canaccord Genuity Group Increases Wesdome Gold Mines (TSE:WDO) Price Target to C$11.75

Wesdome Gold Mines (TSE:WDO) had its price target lifted by investment analysts at Canaccord Genuity Group from C$8.50 to C$11.75 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 10.02% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. CIBC lifted their price objective on Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Eight Capital lifted their price target on shares of Wesdome Gold Mines from C$10.50 to C$12.00 and gave the company a “neutral” rating in a research note on Monday. Finally, National Bankshares lowered their price objective on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$11.33.

Wesdome Gold Mines Trading Up 3.9 %

Shares of WDO stock traded up C$0.40 on Tuesday, reaching C$10.68. The company had a trading volume of 198,917 shares, compared to its average volume of 514,650. The company has a 50-day moving average of C$9.86 and a 200-day moving average of C$8.55. 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 stock has a market cap of C$1.59 billion, a PE ratio of -266.50 and a beta of 0.75. Wesdome Gold Mines has a 12 month low of C$6.33 and a 12 month high of C$11.28.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). The firm had revenue of C$102.22 million during the quarter. Wesdome Gold Mines had a negative net margin of 1.86% and a negative return on equity of 1.50%. On average, equities analysts forecast that Wesdome Gold Mines will post 0.5495825 earnings per share for the current 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.