Insider Buying: Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Buys 2,213 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Rajbir Gill purchased 2,213 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average price of C$11.65 per share, for a total transaction of C$25,781.45.

Rajbir Gill also recently made the following trade(s):

• On Tuesday, September 3rd, Rajbir Gill sold 3,500 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$12.47, for a total value of C$43,645.00.

Wesdome Gold Mines Trading Up 1.4 %

Shares of Wesdome Gold Mines stock opened at C$11.86 on Wednesday. The stock has a 50 day moving average of C$12.55 and a 200 day moving average of C$12.23. 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 firm has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 45.62 and a beta of 0.85. Wesdome Gold Mines Ltd. has a fifty-two week low of C$7.03 and a fifty-two week high of C$14.99.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Eight Capital boosted their price target on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. BMO Capital Markets boosted their target price on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. National Bankshares raised their price target on shares of 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. Ventum Financial increased their target price on Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Finally, Canaccord Genuity Group raised their target price on Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$15.29.

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.