Wesdome Gold Mines (WDO) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Wesdome Gold Mines (TSE:WDO) in a report published on Thursday morning. They currently have a C$5.00 target price on the stock.

Other equities research analysts also recently issued reports about the stock. Pi Financial decreased their target price on shares of Wesdome Gold Mines from C$4.15 to C$3.75 in a research report on Friday, September 7th. Eight Capital boosted their target price on shares of Wesdome Gold Mines from C$3.00 to C$4.70 in a research report on Monday, July 23rd. Desjardins boosted their target price on shares of Wesdome Gold Mines from C$3.15 to C$4.00 in a research report on Wednesday, June 27th. Finally, National Bank Financial boosted their target price on shares of Wesdome Gold Mines from C$4.00 to C$4.50 and gave the stock an outperform rating in a research report on Wednesday, September 12th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of C$4.39.

WDO traded up C$0.14 during midday trading on Thursday, hitting C$4.08. The company had a trading volume of 634,833 shares, compared to its average volume of 445,024. Wesdome Gold Mines has a 52 week low of C$1.64 and a 52 week high of C$4.14.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Wednesday, August 1st. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.03). Wesdome Gold Mines had a net margin of 1.40% and a return on equity of 0.86%. The company had revenue of C$31.44 million during the quarter.

In other Wesdome Gold Mines news, Director Warwick Morley-Jepson bought 20,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was bought at an average cost of C$3.24 per share, with a total value of C$64,800.00.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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