Wesdome Gold Mines (TSE:WDO) Stock Price Expected to Rise, TD Securities Analyst Says

Wesdome Gold Mines (TSE:WDO) had its price objective increased by stock analysts at TD Securities from C$25.00 to C$30.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 16.14% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their target price for the company from C$20.50 to C$28.00 in a report on Monday, October 20th. Canaccord Genuity Group lifted their price objective on Wesdome Gold Mines from C$21.50 to C$22.50 in a research note on Thursday, October 2nd. CIBC boosted their price objective on Wesdome Gold Mines from C$24.00 to C$27.00 in a report on Friday, October 10th. Finally, Royal Bank Of Canada raised their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$26.07.

Wesdome Gold Mines Stock Down 0.2%

Shares of WDO opened at C$25.83 on Thursday. The company’s 50-day moving average price is C$23.21 and its 200 day moving average price is C$20.72. Wesdome Gold Mines has a 12-month low of C$13.64 and a 12-month high of C$27.48. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The firm has a market cap of C$3.90 billion, a P/E ratio of 13.52 and a beta of 0.48.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.58 earnings per share for the quarter. The business had revenue of C$230.28 million during the quarter. Wesdome Gold Mines had a net margin of 17.01% and a return on equity of 17.53%. On average, sell-side analysts forecast that Wesdome Gold Mines will post 1.293456 earnings per share for the current year.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.