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

Wesdome Gold Mines Ltd. (TSE:WDO) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$16.50.

A number of research firms recently weighed in on WDO. Desjardins upped their price target on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. National Bankshares increased their target price on 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. Royal Bank of Canada boosted their price target on shares of Wesdome Gold Mines from C$17.00 to C$19.00 in a research note on Friday. Finally, TD Securities raised shares of Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th.

Wesdome Gold Mines Trading Down 5.4 %

Shares of WDO stock opened at C$15.65 on Friday. Wesdome Gold Mines has a fifty-two week low of C$9.89 and a fifty-two week high of C$17.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. The stock has a 50 day simple moving average of C$15.10 and a two-hundred day simple moving average of C$13.57. The company has a market cap of C$2.38 billion, a P/E ratio of 29.21 and a beta of 0.85.

Insider Buying and Selling at Wesdome Gold Mines

In related news, Senior Officer Rajbir Gill sold 7,884 shares of the firm’s stock in a transaction that occurred 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. Corporate 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.