Wesdome Gold Mines Ltd. (TSE:WDO) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$15.29.

A number of brokerages have recently issued reports on WDO. Eight Capital upped their target price on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th. BMO Capital Markets raised their price objective on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Ventum Financial raised their price objective on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Desjardins raised shares of Wesdome Gold Mines to a "hold" rating in a research note on Thursday, October 31st. Finally, National Bankshares raised 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 research note on Tuesday, August 20th.

Insiders Place Their Bets

In related news, Director Anthea Ingrid Bath acquired 4,250 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill acquired 2,213 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Over the last three months, insiders have sold 12,991 shares of company stock worth $167,803. Company insiders own 0.17% of the company's stock.

Wesdome Gold Mines Price Performance

Shares of WDO stock traded down C$0.09 during trading hours on Monday, reaching C$12.00. 729,606 shares of the company were exchanged, compared to its average volume of 470,355. Wesdome Gold Mines has a fifty-two week low of C$7.03 and a fifty-two week high of C$14.99. The stock's fifty day moving average is C$12.48 and its two-hundred day moving average is C$12.27. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of 46.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37.

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.