Wesdome Gold Mines (TSE:WDO) Price Target Cut to C$14.25

Wesdome Gold Mines (TSE:WDO) had its target price lowered by investment analysts at National Bankshares from C$14.75 to C$14.25 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 27.46% from the company’s current price.

Separately, CIBC raised their target price on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research report on Monday, April 15th.

Wesdome Gold Mines Stock Performance

TSE WDO opened at C$11.18 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 9.94. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -279.50 and a beta of 0.75. The firm’s 50 day simple moving average is C$9.84 and its 200 day simple moving average is C$8.51. Wesdome Gold Mines has a 1 year low of C$6.33 and a 1 year high of C$11.28.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The firm had revenue of C$102.22 million for the quarter. Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. As a group, research analysts expect that Wesdome Gold Mines will post 0.5495825 earnings per share for the current fiscal year.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.