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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (82958)	4/27/2020 8:52:24 AM
From: Goose94	Read Replies (2) of 203020

Wesdome Gold Mines (WDO-T) Industrial Alliance Securities analyst George Topping sees reaching new heights. Mr. Topping continues to rate the shares "strong buy." Mr. Topping boosted his share target to $13.60 from $13.40. Analysts on average target the shares at $11.43. Mr. Topping says in a note: "The market will continue to reward the safer picks in the gold sector with higher multiples. ... Wesdome remains our top pick on the junior side and has started running higher again on CAD gold prices. Given the funds flow preference for seniors, we are taking a more conservative stance for our remaining juniors by introducing a 0.9 times NAV multiple (from 1.0 times previously). This negates the effects of our revised price deck." Mr. Topping had reiterated his "buy" call on Wesdome. The shares could then be had for $9.29. Laurentian Bank analyst Barry Allan cut Wesdome to "hold" from "buy." The shares could then be had for $9. The Globe reported on March 12, 2020, that Mr. Allan returned his rating to "buy." The shares were then worth $8.77.

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