Wesdome Gold Mines Ltd. (WDO) To Go Ex-Dividend on September 15th

Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be paid a dividend of 0.0306 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Wesdome Gold Mines Stock Up 4.6%

Shares of WDO stock traded up C$1.54 on Friday, reaching C$35.06. 412,898 shares of the stock were exchanged, compared to its average volume of 775,606. The company has a market capitalization of C$5.03 billion, a price-to-earnings ratio of 12.66 and a beta of 1.65. The business’s 50 day moving average price is C$30.36 and its 200 day moving average price is C$27.46. The company has a current ratio of 6.90, a quick ratio of 0.37 and a debt-to-equity ratio of 0.73. Wesdome Gold Mines has a twelve month low of C$18.08 and a twelve month high of C$36.47.

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Wesdome Gold Mines (TSE:WDO – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$266.76 million during the quarter. Wesdome Gold Mines had a return on equity of 43.77% and a net margin of 38.46%. As a group, sell-side analysts expect that Wesdome Gold Mines will post 1.293456 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce boosted their target price on Wesdome Gold Mines from C$32.00 to C$35.00 in a research note on Friday, August 21st. BMO Capital Markets downgraded Wesdome Gold Mines from an “outperform” rating to a “hold” rating and upped their price target for the company from C$30.00 to C$34.00 in a report on Wednesday, August 19th. National Bank Financial increased their price target on shares of Wesdome Gold Mines from C$34.50 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Stifel Nicolaus raised shares of Wesdome Gold Mines to a “strong-buy” rating in a report on Monday, June 29th. Finally, Desjardins boosted their price objective on shares of Wesdome Gold Mines from C$34.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$33.38.

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About Wesdome Gold Mines

(Get Free Report)

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.

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