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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$15.29.

Separately, Desjardins raised Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st.

Wesdome Gold Mines Stock Down 2.4 %

Shares of Wesdome Gold Mines stock opened at C$13.22 on Tuesday. Wesdome Gold Mines has a 12-month low of C$7.36 and a 12-month high of C$14.99. The stock has a 50 day moving average price of C$12.71 and a two-hundred day moving average price of C$12.80. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of C$1.98 billion, a P/E ratio of 50.85 and a beta of 0.85.

Insider Activity at Wesdome Gold Mines

In other news, Senior Officer Rajbir Gill acquired 2,213 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Also, Director Anthea Ingrid Bath bought 4,250 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of C$11.83 per share, for a total transaction of C$50,277.50. 0.17% of the stock is currently owned by company insiders.

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.