Wesdome Gold Mines Ltd (TSE:WDO) Given Consensus Rating of “Buy” by Brokerages

Wesdome Gold Mines Ltd (TSE:WDO) has earned an average recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$7.05.

WDO has been the topic of several research reports. Echelon Wealth Partners upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Eight Capital upped their price objective on shares of Wesdome Gold Mines from C$6.25 to C$7.50 in a report on Thursday, August 8th. BMO Capital Markets upped their price objective on shares of Wesdome Gold Mines from C$8.00 to C$9.00 in a report on Wednesday, September 11th. Finally, National Bank Financial upped their price objective on shares of Wesdome Gold Mines from C$9.00 to C$9.50 in a report on Monday, November 18th.

In other Wesdome Gold Mines news, Senior Officer Heather Anne Laxton acquired 22,870 shares of the stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of C$1.96 per share, for a total transaction of C$44,825.20. Following the completion of the acquisition, the insider now owns 28,972 shares in the company, valued at approximately C$56,785.12.

WDO traded down C$0.23 during trading on Wednesday, hitting C$8.99. 520,151 shares of the company’s stock were exchanged, compared to its average volume of 704,554. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 6.50. The business’s 50 day moving average is C$7.86 and its two-hundred day moving average is C$6.48. Wesdome Gold Mines has a fifty-two week low of C$3.30 and a fifty-two week high of C$9.24. The stock has a market cap of $1.25 billion and a P/E ratio of 38.92.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

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Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

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