Wesdome Gold Mines (TSE:WDO) PT Raised to C$6.25

Wesdome Gold Mines (TSE:WDO) had its target price hoisted by National Bank Financial from C$6.00 to C$6.25 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 9.84% from the stock’s current price. National Bank Financial also issued estimates for Wesdome Gold Mines’ Q2 2019 earnings at $0.08 EPS and FY2021 earnings at $0.74 EPS.

A number of other equities analysts have also issued reports on WDO. Clarus Securities raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Eight Capital raised their price target on shares of Wesdome Gold Mines from C$5.25 to C$6.25 in a research report on Thursday. Canaccord Genuity lowered shares of ProMetic Life Sciences to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Pi Financial raised their price target on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$5.75.

WDO opened at C$5.69 on Friday. Wesdome Gold Mines has a 12-month low of C$2.95 and a 12-month high of C$5.83. The company has a quick ratio of 1.12, a current ratio of 1.59 and a debt-to-equity ratio of 6.46. The stock has a market cap of $744.90 million and a price-to-earnings ratio of 38.19. The stock’s 50 day simple moving average is C$5.17.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The business had revenue of C$32.54 million for the quarter. As a group, equities research analysts anticipate that Wesdome Gold Mines will post 0.26 EPS for the current fiscal 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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