Wesdome Gold Mines (TSE:WDO) had its price target hoisted by BMO Capital Markets from C$8.00 to C$9.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 42.41% from the stock’s previous close.

A number of other research firms also recently issued reports on WDO. Eight Capital raised their price target on shares of Wesdome Gold Mines from C$6.25 to C$7.50 in a research report on Thursday, August 8th. Pi Financial upped their target price on Wesdome Gold Mines from C$4.50 to C$5.65 in a report on Wednesday, July 24th. Desjardins lowered Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$5.75 to C$6.00 in a research report on Wednesday, July 17th. Echelon Wealth Partners lowered Wesdome Gold Mines from a “speculative buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, National Bank Financial raised their target price on Wesdome Gold Mines from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$6.91.

WDO stock traded up C$0.03 during trading on Wednesday, hitting C$6.32. 403,711 shares of the company’s stock traded hands, compared to its average volume of 647,708. The company has a quick ratio of 1.21, a current ratio of 1.72 and a debt-to-equity ratio of 5.69. Wesdome Gold Mines has a 52 week low of C$3.30 and a 52 week high of C$7.81. The stock has a fifty day moving average price of C$6.99 and a two-hundred day moving average price of C$5.37. The stock has a market capitalization of $908.29 million and a price-to-earnings ratio of 37.78.

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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