Wesdome Gold Mines (TSE: WDO) Earns “Hold” Rating from Echelon Wealth Partners
Echelon Wealth Partners reaffirmed their hold rating on shares of Wesdome Gold Mines (TSE: WDO – Get Rating) in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have a C $ 13.50 price target on the stock.
Other research analysts also recently issued research reports about the company. Royal Bank of Canada set a C $ 16.00 price target on Wesdome Gold Mines and gave the stock a sector perform rating in a research note on Thursday, April 7th. Canaccord Genuity Group lowered Wesdome Gold Mines from a buy rating to a hold rating and increased their target price for the stock from C $ 13.50 to C $ 17.00 in a research report on Friday, March 11th. BMO Capital Markets lifted their target price on shares of Wesdome Gold Mines from C $ 15.00 to C $ 17.50 in a report on Friday, March 11th. Laurentian Bank of Canada lowered Wesdome Gold Mines to a hold rating and set a C $ 16.00 price objective on the stock. in a research report on Friday, March 11th. Finally, National Bankshares increased their target price on Wesdome Gold Mines from C $ 18.75 to C $ 19.00 in a research note on Wednesday, April 20th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Wesdome Gold Mines has a consensus rating of Hold and an average price target of C $ 16.04.
Wesdome Gold Mines stock opened at C $ 13.97 on Thursday. The stock’s 50 day moving average price is C $ 14.88 and its 200 day moving average price is C $ 12.90. Wesdome Gold Mines has a 1-year low of C $ 9.00 and a 1-year high of C $ 16.77. The company has a market cap of C $ 1.99 billion and a PE ratio of 15.18. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.74 and a quick ratio of 1.30.
Wesdome Gold Mines (TSE: WDO – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported C $ 0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C $ 0.17. The company had revenue of C $ 85.51 million for the quarter, compared to analyst estimates of C $ 94.00 million. On average, equities research analysts anticipate that Wesdome Gold Mines will post 1.0399999 EPS for the current fiscal year.
In other Wesdome Gold Mines news, Senior Officer Lindsay Jean Maria Carpenter sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of C $ 15.62, for a total value of C $ 468,600.00. Following the completion of the sale, the insider now directly owns 16,389 shares in the company, valued at C $ 255,996.18. Also, Director Nadine Miller sold 9,474 shares of the stock in a transaction on Monday, March 21st. The shares were sold at an average price of C $ 15.33, for a total value of C $ 145,236.42. Following the transaction, the director now directly owns 56,981 shares of the company’s stock, valued at C $ 873,518.73. Over the last 90 days, insiders have sold 87,913 shares of company stock valued at $ 1,365,363.
About Wesdome Gold Mines (Get Rating)
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of dorÃ © bars, as well as silver as a by-product. The company’s properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d’Or, Quebec.
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