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

Wesdome Gold Mines Ltd. (TSE:WDO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$15.29.

WDO has been the topic of several research analyst reports. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock opened at C$14.71 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. The company’s fifty day moving average price is C$13.53 and its 200 day moving average price is C$12.99. The stock has a market capitalization of C$2.20 billion, a P/E ratio of 56.58 and a beta of 0.85. Wesdome Gold Mines has a 1 year low of C$8.57 and a 1 year high of C$15.12.

Insider Activity

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

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.