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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$15.56.

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

Wesdome Gold Mines Stock Down 4.0 %

Shares of TSE WDO opened at C$14.27 on Friday. Wesdome Gold Mines has a 1 year low of C$8.72 and a 1 year high of C$15.20. The firm has a 50-day simple moving average of C$13.59 and a two-hundred day simple moving average of C$13.02. The company has a market cap of C$2.17 billion, a P/E ratio of 26.63 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37.

Insider Activity

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

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.