Wesdome Gold Mines Ltd. (TSE:WDO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$15.29.

Several equities analysts recently issued reports on WDO shares. Ventum Financial boosted their price target on Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. 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 research note on Tuesday, August 20th. BMO Capital Markets lifted their price target on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. Finally, Eight Capital raised their price objective on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th.

Insider Buying and Selling at Wesdome Gold Mines

In related news, Senior Officer Rajbir Gill sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total value of C$43,645.00. Also, Director Anthea Ingrid Bath bought 4,250 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of C$11.83 per share, with a total value of C$50,277.50. Company insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$12.23 on Monday. The firm’s 50-day moving average is C$12.35 and its 200-day moving average is C$12.33. The company has a market cap of C$1.83 billion, a price-to-earnings ratio of 47.04 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. Wesdome Gold Mines has a 52-week low of C$7.03 and a 52-week high of C$14.99.

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.