BMO Capital Markets Increases Wesdome Gold Mines (TSE:WDO) Price Target to C$18.00

Wesdome Gold Mines (TSE:WDO) had its target price hoisted by investment analysts at BMO Capital Markets from C$14.00 to C$18.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 30.43% from the company’s previous close.

Several other research analysts also recently commented on WDO. National Bankshares raised their price objective on shares of Wesdome Gold Mines from C$14.25 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Canaccord Genuity Group raised their price objective on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a report on Tuesday, July 23rd. CIBC raised their price objective on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Eight Capital raised their price objective on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday. Finally, TD Securities cut their price objective on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$13.77.

Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock traded down C$0.42 on Thursday, reaching C$13.80. 463,426 shares of the company traded hands, compared to its average volume of 446,467. Wesdome Gold Mines has a 52 week low of C$6.81 and a 52 week high of C$14.99. The company has a 50 day moving average of C$12.25 and a 200 day moving average of C$10.85. The firm has a market capitalization of C$2.06 billion, a PE ratio of 460.00 and a beta of 0.75. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.99 and a quick ratio of 0.37.

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.