Wesdome Gold Mines Ltd. (TSE:WDO) Receives Average Rating of "Moderate Buy" from Analysts

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$15.56.

Several analysts have recently issued reports on WDO shares. Desjardins raised shares of Wesdome Gold Mines from a "hold" rating to a "buy" rating and boosted their price target for the company from C$15.00 to C$17.50 in a research report on Thursday, February 13th. TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th.

Wesdome Gold Mines Stock Performance

Shares of TSE WDO traded up C$0.26 during midday trading on Wednesday, hitting C$15.20. The company's stock had a trading volume of 329,604 shares, compared to its average volume of 383,649. The stock has a fifty day moving average price of C$14.00 and a 200 day moving average price of C$13.16. Wesdome Gold Mines has a one year low of C$8.98 and a one year high of C$15.33. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of C$2.31 billion, a price-to-earnings ratio of 28.37 and a beta of 0.85.

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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.