Royal Bank of Canada Boosts Wesdome Gold Mines (TSE:WDO) Price Target to C$19.00

Wesdome Gold Mines (TSE:WDO) had its target price hoisted by Royal Bank of Canada from C$17.00 to C$19.00 in a research report report published on Friday morning,BayStreet.CA reports.

Several other research analysts also recently commented on the stock. National Bankshares lifted their target price on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. TD Securities raised Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Finally, Desjardins raised their target price on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wesdome Gold Mines currently has a consensus rating of “Moderate Buy” and an average target price of C$16.50.

Wesdome Gold Mines Trading Down 5.4 %

TSE:WDO opened at C$15.65 on Friday. The company’s 50 day moving average is C$15.10 and its 200-day moving average is C$13.57. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines has a 12 month low of C$9.89 and a 12 month high of C$17.24. The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of 29.21 and a beta of 0.85.

Insider Buying and Selling

In other news, Senior Officer Rajbir Gill sold 7,884 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$16.26, for a total value of C$128,193.84. Company insiders own 0.17% of the company’s stock.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.