Brokerages Set Wesdome Gold Mines Ltd (WDO) Price Target at $4.42

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Shares of Wesdome Gold Mines Ltd (TSE:WDO) have received an average rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$4.59.

Several research firms recently weighed in on WDO. Industrial Alliance Securities upped their price objective on shares of Wesdome Gold Mines from C$5.50 to C$6.20 and gave the stock a “strong-buy” rating in a report on Monday. National Bank Financial upped their price objective on shares of Wesdome Gold Mines from C$4.50 to C$4.75 and gave the stock an “outperform” rating in a report on Thursday, December 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a C$5.00 price objective on shares of Wesdome Gold Mines in a report on Thursday, October 18th. Finally, Pi Financial reduced their price objective on shares of Wesdome Gold Mines from C$4.15 to C$3.75 and set a “buy” rating for the company in a report on Friday, September 28th.

Shares of WDO traded down C$0.12 during midday trading on Friday, hitting C$4.26. 177,244 shares of the stock traded hands, compared to its average volume of 634,224. Wesdome Gold Mines has a 1-year low of C$1.71 and a 1-year high of C$4.75. The company has a debt-to-equity ratio of 5.51, a current ratio of 1.56 and a quick ratio of 1.23.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings results on Thursday, November 8th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.03). The firm had revenue of C$28.92 million for the quarter. Analysts expect that Wesdome Gold Mines will post 0.230000002139535 earnings per share for the current 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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