National Bankshares Raises Wesdome Gold Mines (TSE:WDO) Price Target to C$22.00

Wesdome Gold Mines (TSE:WDO) had its price target upped by National Bankshares from C$19.75 to C$22.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 29.72% from the stock’s current price.

Other analysts have also issued reports about the company. Desjardins lifted their price target on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. TD Securities raised Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.19.

Wesdome Gold Mines Stock Up 4.3 %

Wesdome Gold Mines stock opened at C$16.96 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. The stock has a market cap of C$2.57 billion, a PE ratio of 31.65 and a beta of 0.85. Wesdome Gold Mines has a fifty-two week low of C$9.89 and a fifty-two week high of C$16.96. The firm’s 50-day simple moving average is C$14.75 and its 200 day simple moving average is C$13.43.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.