Wesdome Gold Mines (WDO) Rating Reiterated by Canaccord Genuity

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Wesdome Gold Mines (TSE:WDO)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a note issued to investors on Thursday. They currently have a C$5.00 price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 20.19% from the company’s previous close.

A number of other research firms have also recently commented on WDO. Eight Capital lifted their price target on shares of Wesdome Gold Mines from C$3.00 to C$4.70 in a research note on Monday, July 23rd. National Bank Financial lifted their price target on shares of Wesdome Gold Mines from C$4.00 to C$4.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 12th. Pi Financial dropped their price target on shares of Wesdome Gold Mines from C$4.15 to C$3.75 and set a “buy” rating for the company in a research note on Friday, September 28th. Finally, Desjardins lifted their price target on shares of Wesdome Gold Mines from C$3.15 to C$4.00 in a research note on Wednesday, June 27th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$4.39.

WDO stock opened at C$4.16 on Thursday. Wesdome Gold Mines has a 12 month low of C$1.64 and a 12 month high of C$4.18.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings results on Wednesday, August 1st. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). Wesdome Gold Mines had a return on equity of 0.86% and a net margin of 1.40%. The firm had revenue of C$31.44 million for the quarter.

In related news, Director Warwick Morley-Jepson acquired 20,000 shares of the stock in a transaction on Thursday, August 16th. The stock was bought at an average cost of C$3.24 per share, with a total value of C$64,800.00.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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