Brokerages Set Wesdome Gold Mines Ltd (WDO) Target Price at $4.39

Wesdome Gold Mines Ltd (TSE:WDO) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$4.39.

WDO has been the subject of several research reports. Pi Financial dropped their target price on shares of Wesdome Gold Mines from C$4.15 to C$3.75 in a report on Friday, September 7th. Eight Capital lifted their target price on shares of Wesdome Gold Mines from C$3.00 to C$4.70 in a report on Monday, July 23rd. Canaccord Genuity reiterated a “buy” rating and issued a C$5.00 target price on shares of Wesdome Gold Mines in a report on Thursday, October 18th. Finally, National Bank Financial lifted their target price on shares of Wesdome Gold Mines from C$4.00 to C$4.50 and gave the company an “outperform” rating in a report on Wednesday, September 12th.

Wesdome Gold Mines stock opened at C$3.61 on Friday. Wesdome Gold Mines has a fifty-two week low of C$1.64 and a fifty-two week high of C$4.18. The company has a current ratio of 1.56, a quick ratio of 1.28 and a debt-to-equity ratio of 5.51.

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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