Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$15.29 Average Target Price from Analysts

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$15.29.

A number of brokerages have recently commented on WDO. Ventum Financial raised their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th. Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st.

Insider Activity

In other news, Director Anthea Ingrid Bath bought 4,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill purchased 2,213 shares of Wesdome Gold Mines stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of C$11.65 per share, with a total value of C$25,781.45. Corporate insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Trading Up 0.4 %

WDO opened at C$12.67 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. The stock’s 50 day moving average price is C$12.55 and its 200-day moving average price is C$12.54. Wesdome Gold Mines has a one year low of C$7.03 and a one year high of C$14.99. The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 48.73 and a beta of 0.85.

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.