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

Wesdome Gold Mines Ltd. (TSE:WDO) has received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two investment 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 12 month price objective among analysts that have issued a report on the stock in the last year is C$14.38.

Several analysts recently issued reports on WDO shares. Canaccord Genuity Group increased their price target on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Ventum Financial increased their price target on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th. Ventum Cap Mkts upgraded shares of Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 28th. CIBC increased their price target on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a research report on Wednesday, July 10th. Finally, BMO Capital Markets increased their price objective on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th.

Insider Activity at Wesdome Gold Mines

In other news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total transaction of C$66,850.00. In related news, Senior Officer Rajbir Gill sold 3,500 shares of Wesdome Gold Mines stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total transaction of C$43,645.00. Also, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$13.37, for a total transaction of C$66,850.00. Insiders sold a total of 14,891 shares of company stock valued at $196,198 in the last quarter. Insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO opened at C$12.61 on Wednesday. The company’s 50 day moving average price is C$12.97 and its two-hundred day moving average price is C$11.39. Wesdome Gold Mines has a 12-month low of C$6.84 and a 12-month high of C$14.99. The firm has a market cap of C$1.89 billion, a PE ratio of 48.50 and a beta of 0.86. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.05. The business had revenue of C$127.80 million for the quarter. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. Equities research analysts predict that Wesdome Gold Mines will post 1.2298507 earnings per share for the current year.

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.