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

Wesdome Gold Mines Ltd. (TSE:WDO) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$16.50.

Several analysts have recently weighed in on the stock. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. National Bankshares raised their price target on Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. Desjardins lifted 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. Finally, Royal Bank of Canada increased their price objective on Wesdome Gold Mines from C$17.00 to C$19.00 in a research report on Friday.

Insider Transactions at Wesdome Gold Mines

In other news, Senior Officer Rajbir Gill sold 7,884 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$16.26, for a total transaction of C$128,193.84. Company insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Trading Down 5.4 %

Shares of WDO opened at C$15.65 on Friday. Wesdome Gold Mines has a 1-year low of C$9.89 and a 1-year high of C$17.24. The company has a market capitalization of C$2.38 billion, a P/E ratio of 29.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The firm’s 50 day simple moving average is C$15.10 and its 200 day simple moving average is C$13.57.

Wesdome Gold Mines Company Profile

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.