Insider Buying: Wesdome Gold Mines Ltd. (TSE:WDO) Director Buys 4,250 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath bought 4,250 shares of Wesdome Gold Mines stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$11.83 per share, with a total value of C$50,277.50.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$11.97 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. Wesdome Gold Mines Ltd. has a fifty-two week low of C$7.03 and a fifty-two week high of C$14.99. The company has a market capitalization of C$1.79 billion, a P/E ratio of 46.04 and a beta of 0.85. The stock has a 50 day moving average price of C$12.54 and a two-hundred day moving average price of C$12.24.

Analysts Set New Price Targets

A number of research firms recently weighed in on WDO. Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. Eight Capital upped their price target on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. BMO Capital Markets lifted their price objective on Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. National Bankshares upped their target price on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, Ventum Financial lifted their price target on Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.29.

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.