National Bankshares Forecasts Strong Price Appreciation for Wesdome Gold Mines (TSE:WDO) Stock

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

Several other research firms have also issued reports on WDO. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins increased their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.19.

Wesdome Gold Mines Stock Up 4.3 %

Shares of TSE WDO opened at C$16.96 on Wednesday. The stock has a market capitalization of C$2.57 billion, a P/E ratio of 31.65 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. Wesdome Gold Mines has a one year low of C$9.89 and a one year high of C$16.96. The firm’s 50 day simple moving average is C$14.75 and its two-hundred 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.