Wesdome Gold Mines (TSE:WDO) Stock Price Up 7.2%

Wesdome Gold Mines Ltd. (TSE:WDO) rose 7.2% on Thursday . The stock traded as high as C$10.88 and last traded at C$10.78. Approximately 141,696 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 482,124 shares. The stock had previously closed at C$10.06.

Analysts Set New Price Targets

WDO has been the topic of several analyst reports. National Bankshares dropped their target price on Wesdome Gold Mines from C$14.75 to C$14.25 in a report on Friday, April 19th. TD Securities decreased their target price on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Thursday. CIBC boosted their price objective on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday, April 15th. Eight Capital lifted their target price 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 increased their price target on shares of Wesdome Gold Mines from C$8.50 to C$11.75 in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Wesdome Gold Mines has a consensus rating of “Moderate Buy” and a consensus price target of C$11.43.

Wesdome Gold Mines Price Performance

The business has a 50 day simple moving average of C$10.21 and a 200-day simple moving average of C$8.78. The company has a market capitalization of C$1.66 billion, a P/E ratio of -279.00 and a beta of 0.75. 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 (TSE:WDO) last posted its earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$102.22 million for the quarter. Analysts predict that Wesdome Gold Mines Ltd. will post 0.5598886 EPS 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.