Wesdome Gold Mines (TSE:WDO) Given New C$32.00 Price Target at National Bank Financial

Wesdome Gold Mines (TSE:WDO) had its price objective increased by National Bank Financial from C$28.00 to C$32.00 in a research note published on Friday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other research firms also recently weighed in on WDO. Royal Bank Of Canada increased their price objective on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$27.00 to C$28.00 in a report on Monday, January 26th. Finally, TD Securities upped their price target on Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$27.43.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock opened at C$24.36 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 5.80. Wesdome Gold Mines has a 52 week low of C$14.44 and a 52 week high of C$27.64. The stock has a market capitalization of C$3.68 billion, a P/E ratio of 12.75 and a beta of 1.15. The stock has a fifty day moving average of C$24.51 and a 200-day moving average of C$22.42.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.78 earnings per share for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%.The business had revenue of C$287.88 million for the quarter. On average, sell-side analysts expect that Wesdome Gold Mines will post 1.293456 earnings per share for the current fiscal year.

Wesdome Gold Mines Company Profile

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.