Wesdome Gold Mines (TSE:WDO) Stock Price Expected to Rise, Desjardins Analyst Says

Wesdome Gold Mines (TSE:WDO) had its price objective lifted by analysts at Desjardins from C$17.50 to C$18.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 13.78% from the company’s previous close. Desjardins also issued estimates for Wesdome Gold Mines’ FY2025 earnings at $1.44 EPS, FY2026 earnings at $1.65 EPS and FY2027 earnings at $1.45 EPS.

Separately, TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$15.63.

Wesdome Gold Mines Trading Up 0.1 %

TSE:WDO opened at C$15.82 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. Wesdome Gold Mines has a one year low of C$9.49 and a one year high of C$16.27. The business’s 50-day simple moving average is C$14.49 and its 200 day simple moving average is C$13.31. The stock has a market cap of C$2.40 billion, a price-to-earnings ratio of 29.52 and a beta of 0.85.

About Wesdome Gold Mines

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.