Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$15.56 Average Price Target from Analysts

Wesdome Gold Mines Ltd. (TSE:WDO) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$15.56.

A number of brokerages have recently issued reports on WDO. Desjardins raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their price target for the stock from C$15.00 to C$17.50 in a research report on Thursday, February 13th. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th.

Wesdome Gold Mines Price Performance

Shares of WDO stock opened at C$15.20 on Wednesday. The company’s 50-day simple moving average is C$14.00 and its two-hundred day simple moving average is C$13.16. The company has a market capitalization of C$2.31 billion, a P/E ratio of 28.37 and a beta of 0.85. Wesdome Gold Mines has a one year low of C$8.98 and a one year high of C$15.33. 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 Company Profile

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.