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

Shares of Wesdome Gold Mines Ltd (TSE:WDO) have earned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$5.08.

Several brokerages recently issued reports on WDO. Industrial Alliance Securities upped their price target on Wesdome Gold Mines from C$5.50 to C$6.20 and gave the stock a “strong-buy” rating in a report on Monday, January 7th. Eight Capital downgraded Wesdome Gold Mines from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Pi Financial upped their price target on Wesdome Gold Mines from C$4.10 to C$4.30 in a report on Monday, March 25th. National Bank Financial upped their price target on Wesdome Gold Mines from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a report on Monday, January 14th. Finally, BMO Capital Markets upped their price target on Wesdome Gold Mines from C$4.75 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th.

Shares of TSE:WDO traded down C$0.18 during trading on Tuesday, reaching C$4.25. 452,077 shares of the stock were exchanged, compared to its average volume of 652,575. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 6.23. Wesdome Gold Mines has a 1-year low of C$1.84 and a 1-year high of C$5.46. The firm has a market capitalization of $615.25 million and a price-to-earnings ratio of 38.64.

Wesdome Gold Mines (TSE:WDO) last issued its earnings results on Thursday, February 21st. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.03). The firm had revenue of C$29.46 million during the quarter. Equities research analysts anticipate that Wesdome Gold Mines will post 0.329999993443709 earnings per share for the current fiscal year.

Wesdome Gold Mines Company Profile

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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