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

Wesdome Gold Mines Ltd. (TSE:WDO) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$15.29.

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

Insider Buying and Selling at Wesdome Gold Mines

In related news, Director Anthea Ingrid Bath acquired 4,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of C$11.83 per share, with a total value of C$50,277.50. Also, Senior Officer Rajbir Gill bought 2,213 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$11.65 per share, for a total transaction of C$25,781.45. Company insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Price Performance

TSE:WDO opened at C$12.64 on Friday. The company has a market cap of C$1.89 billion, a P/E ratio of 48.62 and a beta of 0.85. The firm’s fifty day moving average price is C$12.55 and its two-hundred day moving average price is C$12.55. 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 debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37.

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.