Wesdome Gold Mines Ltd (TSE:WDO) had its price target lowered by equities researchers at Eight Capital from C$4.70 to C$3.40 in a note issued to investors on Monday. Eight Capital’s price objective indicates a potential upside of 89.94% from the company’s current price.

A number of other equities research analysts have also recently commented on WDO. National Bank Financial reiterated an “outperform” rating and set a C$4.00 target price on shares of Wesdome Gold Mines in a report on Tuesday, October 3rd. Desjardins reiterated a “buy” rating and set a C$3.15 target price on shares of Wesdome Gold Mines in a report on Friday, September 29th.

Shares of Wesdome Gold Mines (WDO) traded down C$0.02 during trading hours on Monday, reaching C$1.79. The company’s stock had a trading volume of 329,294 shares, compared to its average volume of 703,952. Wesdome Gold Mines has a 52-week low of C$1.72 and a 52-week high of C$4.40.

In other Wesdome Gold Mines news, Director Charles Main purchased 50,000 shares of Wesdome Gold Mines stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of C$1.82 per share, with a total value of C$91,000.00.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/11/27/wesdome-gold-mines-ltd-wdo-pt-lowered-to-c3-40.html.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant.

Receive News & Ratings for Wesdome Gold Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wesdome Gold Mines Ltd and related companies with MarketBeat.com's FREE daily email newsletter.