Brokerages Set Wesdome Gold Mines Ltd. (TSE:WDO) PT at C$15.29

Wesdome Gold Mines Ltd. (TSE:WDO) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$15.29.

A number of equities research analysts have recently commented on WDO shares. Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. National Bankshares upped their target price on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets lifted their price target on Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Ventum Financial upped their price objective on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Finally, Eight Capital lifted their target price on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th.

Wesdome Gold Mines Stock Down 0.2 %

WDO stock opened at C$12.23 on Monday. The firm has a market cap of C$1.83 billion, a PE ratio of 47.04 and a beta of 0.85. Wesdome Gold Mines has a 12 month low of C$7.03 and a 12 month high of C$14.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The firm has a 50 day simple moving average of C$12.35 and a 200 day simple moving average of C$12.33.

Insider Buying and Selling at Wesdome Gold Mines

In other Wesdome Gold Mines news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of Wesdome Gold Mines stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total transaction of C$38,905.00. Also, Director Anthea Ingrid Bath purchased 4,250 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Company 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.