Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$16.19.
A number of brokerages recently commented on WDO. National Bankshares increased their price objective on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Desjardins increased their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Finally, TD Securities raised Wesdome Gold Mines to a "hold" rating in a research note on Tuesday, February 4th.
Get Our Latest Report on WDO
Insider Buying and Selling
In related news, Senior Officer Rajbir Gill sold 7,884 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$16.26, for a total value of C$128,193.84. Corporate insiders own 0.17% of the company's stock.
Wesdome Gold Mines Price Performance
Shares of TSE:WDO traded up C$0.32 during trading on Friday, hitting C$16.78. 273,965 shares of the stock were exchanged, compared to its average volume of 404,208. Wesdome Gold Mines has a 12-month low of C$9.89 and a 12-month high of C$17.24. The company has a market cap of C$2.55 billion, a PE ratio of 31.32 and a beta of 0.85. The company has a fifty day moving average price of C$15.02 and a two-hundred day moving average price of C$13.53. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.
About Wesdome Gold Mines
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Get Free ReportWesdome 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.
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