Wesdome Gold Mines (TSE:WDO) Given New C$15.25 Price Target at National Bank Financial

Wesdome Gold Mines (TSE:WDO) had its target price lowered by stock analysts at National Bank Financial to C$15.25 in a research report issued on Friday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 37.39% from the company’s current price.

Other research analysts have also issued reports about the stock. National Bankshares reduced their target price on shares of Wesdome Gold Mines from C$15.50 to C$15.25 and set an “outperform” rating for the company in a research note on Friday. Echelon Wealth Partners reissued a “buy” rating on shares of Wesdome Gold Mines in a research note on Thursday, October 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$14.75.

Shares of TSE WDO traded down C$0.52 during midday trading on Friday, hitting C$11.10. The company’s stock had a trading volume of 358,869 shares, compared to its average volume of 342,050. Wesdome Gold Mines has a 1-year low of C$7.78 and a 1-year high of C$13.52. The firm’s fifty day moving average price is C$11.73 and its 200-day moving average price is C$11.73. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.64 and a current ratio of 2.13. The firm has a market cap of C$1.55 billion and a P/E ratio of 13.37.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Wednesday, November 10th. The company reported C$0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.13. The business had revenue of C$67.55 million during the quarter. As a group, research analysts predict that Wesdome Gold Mines will post 1.13 earnings per share for the current fiscal year.

In related news, Senior Officer Lindsay Jean Maria Carpenter sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of C$13.40, for a total value of C$93,800.00. Following the sale, the insider now directly owns 16,389 shares in the company, valued at approximately C$219,612.60. Also, Senior Officer Heather Anne Laxton sold 12,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 16th. The stock was sold at an average price of C$13.37, for a total transaction of C$169,799.00. Following the completion of the sale, the insider now owns 9,780 shares in the company, valued at C$130,758.60.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of 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, as well as the Kiena Mining and Milling Complex and exploration properties located in Val D'Or, Quebec.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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