BMO Capital Markets Boosts Wesdome Gold Mines (WDO) Price Target to C$6.00

Wesdome Gold Mines (TSE:WDO) had its price objective lifted by BMO Capital Markets from C$4.75 to C$6.00 in a research note issued to investors on Wednesday. They currently have an outperform rating on the stock.

A number of other equities analysts have also issued reports on the stock. Industrial Alliance Securities boosted their target price on shares of Wesdome Gold Mines from C$5.50 to C$6.20 and gave the stock a strong-buy rating in a research report on Monday, January 7th. National Bank Financial boosted their target price on shares of Wesdome Gold Mines from C$4.50 to C$4.75 and gave the stock an outperform rating in a research report on Thursday, December 13th. Eight Capital lowered shares of Wesdome Gold Mines from a buy rating to a neutral rating in a research report on Friday, February 22nd. Finally, Clarus Securities lowered shares of Wesdome Gold Mines from a buy rating to a hold rating in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$4.95.

Shares of WDO stock opened at C$4.51 on Wednesday. Wesdome Gold Mines has a 1 year low of C$1.71 and a 1 year high of C$5.46. The firm has a market cap of $653.11 million and a P/E ratio of 52.07. The company has a debt-to-equity ratio of 5.51, a quick ratio of 1.23 and a current ratio of 1.56.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Thursday, February 21st. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.03). The company had revenue of C$29.46 million for the quarter. Analysts predict that Wesdome Gold Mines will post 0.360000013980583 EPS for the current year.

About Wesdome Gold Mines

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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