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

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating 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.

A number of research firms have recently weighed in on WDO. Desjardins raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Thursday, October 31st. TD Securities upgraded shares of Wesdome Gold Mines to a "hold" rating in a research note on Tuesday, February 4th.

Insider Buying and Selling at Wesdome Gold Mines

In other news, Senior Officer Rajbir Gill purchased 2,213 shares of the business's stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Also, Director Anthea Ingrid Bath purchased 4,250 shares of the business's stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Insiders own 0.17% of the company's stock.

Wesdome Gold Mines Trading Down 1.5 %

Wesdome Gold Mines stock traded down C$0.22 during mid-day trading on Friday, reaching C$14.66. 487,261 shares of the company traded hands, compared to its average volume of 334,182. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The firm's 50 day moving average price is C$13.49 and its 200 day moving average price is C$12.98. The firm has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 56.38 and a beta of 0.85. Wesdome Gold Mines has a 52-week low of C$8.57 and a 52-week high of C$15.12.

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.