Wesdome Gold Mines (TSE:WDO) Price Target Raised to C$18.00

Wesdome Gold Mines (TSE:WDO) had its target price increased by Desjardins from C$17.50 to C$18.00 in a research note released on Thursday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock. 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 raised Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$15.63.

Wesdome Gold Mines Price Performance

Shares of WDO stock opened at C$15.82 on Thursday. Wesdome Gold Mines has a 52-week low of C$9.49 and a 52-week high of C$16.27. 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 firm has a market capitalization of C$2.40 billion, a P/E ratio of 29.52 and a beta of 0.85. The stock has a 50 day moving average price of C$14.49 and a 200 day moving average price of C$13.31.

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.