Wesdome Gold Mines Ltd. (TSE:WDO) Given Consensus Rating of “Moderate Buy” by Brokerages

Wesdome Gold Mines Ltd. (TSE:WDO) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$13.02.

A number of analysts recently weighed in on WDO shares. CIBC boosted their target price on Wesdome Gold Mines from C$14.00 to C$14.50 in a research report on Wednesday, July 10th. Ventum Cap Mkts upgraded Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 28th. TD Securities dropped their target price on Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Canaccord Genuity Group boosted their target price on Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Finally, Ventum Financial upgraded Wesdome Gold Mines from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$9.65 to C$12.65 in a research report on Tuesday, May 28th.

Wesdome Gold Mines Stock Performance

Shares of WDO opened at C$12.80 on Tuesday. The company has a market cap of C$1.91 billion, a PE ratio of 426.67 and a beta of 0.75. The company has a current ratio of 0.99, a quick ratio of 0.37 and a debt-to-equity ratio of 7.15. The stock has a 50-day moving average price of C$11.76 and a 200-day moving average price of C$10.32. Wesdome Gold Mines has a 12-month low of C$6.51 and a 12-month high of C$13.78.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Wednesday, May 8th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. The company had revenue of C$100.92 million during the quarter. Wesdome Gold Mines had a return on equity of 1.13% and a net margin of 1.36%. As a group, equities analysts forecast that Wesdome Gold Mines will post 0.6333147 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.