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

Wesdome Gold Mines Ltd. (TSE:WDO) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two 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. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$15.29.

WDO has been the subject of a number of research analyst reports. Desjardins raised Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. Ventum Financial boosted their target price on Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th.

Insider Activity

In related news, Senior Officer Rajbir Gill bought 2,213 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 Wesdome Gold Mines stock in a transaction on Monday, November 18th. The stock was bought 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 Stock Down 2.4 %

Shares of WDO opened at C$12.62 on Friday. The firm has a 50 day simple moving average of C$12.55 and a two-hundred day simple moving average of C$12.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. Wesdome Gold Mines has a one year low of C$7.03 and a one year high of C$14.99. The company has a market cap of C$1.89 billion, a P/E ratio of 48.54 and a beta of 0.85.

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.