Wesdome Gold Mines Ltd. (TSE:WDO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$15.56.

Several analysts have commented on WDO shares. Desjardins raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$15.00 to C$17.50 in a research report on Thursday, February 13th. TD Securities raised shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$14.97 on Wednesday. The firm has a market cap of C$2.27 billion, a price-to-earnings ratio of 27.94 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. Wesdome Gold Mines has a 52 week low of C$8.98 and a 52 week high of C$15.33. The firm’s 50-day simple moving average is C$14.08 and its two-hundred day simple moving average is C$13.17.

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.