Analysts Set Wesdome Gold Mines Ltd. (TSE:WDO) Price Target at C$15.29

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

Several research analysts recently weighed in on WDO shares. Eight Capital upped their price target on Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th. National Bankshares increased their price target on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Ventum Financial raised their price target on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted 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.

Insider Activity

In related news, Director Anthea Ingrid Bath acquired 4,250 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of C$11.83 per share, with a total value of C$50,277.50. Also, Senior Officer Rajbir Gill sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$12.47, for a total value of C$43,645.00. 0.17% of the stock is owned by insiders.

Wesdome Gold Mines Trading Down 0.2 %

TSE WDO opened at C$12.23 on Monday. The firm’s 50 day moving average price is C$12.35 and its two-hundred day moving average price is C$12.33. The stock has a market cap of C$1.83 billion, a price-to-earnings ratio of 47.04 and a beta of 0.85. Wesdome Gold Mines has a twelve month low of C$7.03 and a twelve month high of C$14.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49.

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.