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

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$15.29.

Separately, Desjardins upgraded shares of Wesdome Gold Mines to a "hold" rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other news, Senior Officer Rajbir Gill bought 2,213 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of C$11.65 per share, with a total value of C$25,781.45. Also, Director Anthea Ingrid Bath purchased 4,250 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average price of C$11.83 per share, for a total transaction of C$50,277.50. 0.17% of the stock is currently owned by insiders.

Wesdome Gold Mines Stock Performance

TSE WDO traded up C$0.60 on Tuesday, reaching C$13.45. 279,834 shares of the stock were exchanged, compared to its average volume of 217,961. The firm has a market capitalization of C$2.01 billion, a PE ratio of 51.73 and a beta of 0.85. Wesdome Gold Mines has a one year low of C$7.27 and a one year high of C$14.99. The company's 50-day simple moving average is C$12.64 and its two-hundred day simple moving average is C$12.75. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44.

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.