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

Wesdome Gold Mines Ltd. (TSE:WDO) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$15.29.

A number of research firms have commented on WDO. Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st. TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th.

Wesdome Gold Mines Stock Up 1.7 %

Shares of TSE WDO opened at C$14.88 on Friday. Wesdome Gold Mines has a 1 year low of C$8.57 and a 1 year high of C$15.12. The company has a market capitalization of C$2.23 billion, a P/E ratio of 57.23 and a beta of 0.85. The company has a 50 day simple moving average of C$13.44 and a 200-day simple moving average of C$12.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37.

Insider Buying and Selling

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath acquired 4,250 shares of the 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. Also, Senior Officer Rajbir Gill purchased 2,213 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of C$11.65 per share, with a total value of C$25,781.45. 0.17% of the stock is currently owned by company insiders.

About Wesdome Gold Mines

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.