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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$15.29.

Separately, Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st.

Insider Transactions at Wesdome Gold Mines

In other Wesdome Gold Mines news, Senior Officer Rajbir Gill bought 2,213 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of C$11.65 per share, with a total value of C$25,781.45. Also, Director Anthea Ingrid Bath purchased 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 Down 0.7 %

Shares of WDO opened at C$13.47 on Tuesday. Wesdome Gold Mines has a 1 year low of C$7.53 and a 1 year high of C$14.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The stock has a 50 day simple moving average of C$12.78 and a two-hundred day simple moving average of C$12.83. The firm has a market cap of C$2.01 billion, a P/E ratio of 51.81 and a beta of 0.85.

Wesdome Gold Mines Company Profile

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.