Shares of Wesdome Gold Mines Ltd (TSE:WDO) have received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$6.09.

WDO has been the subject of several research reports. Eight Capital raised their target price on Wesdome Gold Mines from C$5.25 to C$6.25 in a research note on Thursday, July 11th. National Bank Financial raised their target price on Yamana Gold from C$4.25 to C$4.50 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Desjardins reaffirmed an “average” rating and set a $54.50 target price on shares of Kirkland Lake Gold in a research note on Wednesday, July 17th. Pi Financial raised their target price on Wesdome Gold Mines from C$4.50 to C$5.65 in a research note on Wednesday, July 24th. Finally, Clarus Securities raised Wesdome Gold Mines from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.

Shares of WDO traded up C$0.12 during trading hours on Thursday, reaching C$6.80. 273,059 shares of the company’s stock traded hands, compared to its average volume of 625,853. The company has a market cap of $839.80 million and a price-to-earnings ratio of 45.91. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.59 and a quick ratio of 1.12. Wesdome Gold Mines has a twelve month low of C$2.95 and a twelve month high of C$6.88. The stock has a fifty day simple moving average of C$5.68.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The firm had revenue of C$32.54 million during the quarter. On average, research analysts forecast that Wesdome Gold Mines will post 0.28 earnings per share for the current fiscal year.

About Wesdome Gold Mines

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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