Insider Buying: Wesdome Gold Mines Ltd. (TSE:WDO) Director Buys C$50,277.50 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath acquired 4,250 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$11.83 per share, with a total value of C$50,277.50.

Wesdome Gold Mines Stock Up 0.3 %

Wesdome Gold Mines stock opened at C$12.01 on Friday. Wesdome Gold Mines Ltd. has a twelve month low of C$7.03 and a twelve month high of C$14.99. The company has a 50 day moving average of C$12.51 and a 200-day moving average of C$12.26. The stock has a market capitalization of C$1.80 billion, a PE ratio of 46.19 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44.

Wall Street Analysts Forecast Growth

WDO has been the subject of a number of analyst reports. Eight Capital boosted their price objective 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 price objective on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a report on Thursday, August 15th. National Bankshares boosted their price objective on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. Finally, Ventum Financial upped their price target on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Two investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.