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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$15.56.

A number of equities analysts have weighed in on WDO shares. Desjardins upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$15.00 to C$17.50 in a research report on Thursday, February 13th. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th.

Wesdome Gold Mines Stock Up 1.0 %

Wesdome Gold Mines stock opened at C$14.66 on Wednesday. Wesdome Gold Mines has a 12 month low of C$8.98 and a 12 month high of C$15.20. The stock has a market capitalization of C$2.23 billion, a PE ratio of 27.36 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. The business has a 50 day simple moving average of C$13.86 and a 200-day simple moving average of C$13.13.

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.