National Bankshares Cuts Wesdome Gold Mines (TSE:WDO) Price Target to C$14.25

Wesdome Gold Mines (TSE:WDO) had its target price lowered by equities researchers at National Bankshares from C$14.75 to C$14.25 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 27.69% from the stock’s previous close.

Separately, CIBC lifted their target price on Wesdome Gold Mines from C$12.00 to C$14.00 in a report on Monday.

Wesdome Gold Mines Stock Up 1.0 %

TSE WDO traded up C$0.11 on Friday, hitting C$11.16. The stock had a trading volume of 124,424 shares, compared to its average volume of 516,788. Wesdome Gold Mines has a 52-week low of C$6.33 and a 52-week high of C$11.28. The business’s fifty day moving average price is C$9.80 and its 200 day moving average price is C$8.47. The company has a debt-to-equity ratio of 9.94, a current ratio of 0.92 and a quick ratio of 0.37. The stock has a market cap of C$1.66 billion, a price-to-earnings ratio of -279.25 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Tuesday, March 12th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. The company had revenue of C$102.22 million during the quarter. Equities research analysts anticipate that Wesdome Gold Mines will post 0.5495825 earnings per share for the current year.

Wesdome Gold Mines Company Profile

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.