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

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

A number of other equities research analysts have also recently issued reports on WDO. Eight Capital lifted their price target on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday. National Bankshares lifted their price target on shares of Wesdome Gold Mines from C$14.25 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. TD Securities dropped their price target on shares of Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Ventum Financial raised shares of Wesdome Gold Mines from a “neutral” rating to a “buy” rating and lifted their target price for the stock from C$9.65 to C$12.65 in a research note on Tuesday, May 28th. Finally, CIBC upped their target price on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wesdome Gold Mines presently has a consensus rating of “Moderate Buy” and an average price target of C$13.77.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock traded down C$0.42 during trading on Thursday, reaching C$13.80. The company had a trading volume of 463,426 shares, compared to its average volume of 446,467. The firm’s 50-day simple moving average is C$12.25 and its 200 day simple moving average is C$10.85. Wesdome Gold Mines has a 1-year low of C$6.81 and a 1-year high of C$14.99. 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 quick ratio of 0.37 and a current ratio of 0.99.

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.