Wesdome Gold Mines (TSE:WDO) had its target price increased by analysts at National Bank Financial from C$11.00 to C$11.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 32.67% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Laurentian Bank of Canada upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price target for the company from C$9.50 to C$10.50 in a report on Wednesday, March 11th. Eight Capital lifted their price target on shares of Wesdome Gold Mines from C$8.50 to C$10.50 in a report on Thursday, January 16th. Canaccord Genuity lifted their price target on shares of Wesdome Gold Mines from C$9.00 to C$10.00 in a report on Wednesday, January 15th. Laurentian upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price target for the company from C$9.50 to C$10.50 in a report on Wednesday, March 11th. Finally, Pi Financial set a C$8.85 price target on shares of Wesdome Gold Mines and gave the company a “neutral” rating in a report on Wednesday, March 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$9.58.
WDO stock opened at C$8.48 on Wednesday. The stock has a market capitalization of $1.22 billion and a P/E ratio of 29.24. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.39 and a current ratio of 2.16. Wesdome Gold Mines has a one year low of C$3.96 and a one year high of C$11.06. The company has a 50 day moving average price of C$8.80 and a two-hundred day moving average price of C$8.27.
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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