Wesdome Gold Mines (TSE:WDO) PT Raised to C$15.00 at Ventum Financial

Wesdome Gold Mines (TSE:WDO) had its price target raised by analysts at Ventum Financial from C$12.05 to C$15.00 in a research note issued on Thursday, BayStreet.CA reports. Ventum Financial’s target price would indicate a potential upside of 16.37% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on WDO. National Bankshares boosted their target price on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their price target on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Eight Capital raised their price objective on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. Canaccord Genuity Group raised their price objective on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research note on Tuesday, July 23rd. Finally, Ventum Cap Mkts raised shares of Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.38.

Wesdome Gold Mines Stock Performance

Shares of TSE WDO opened at C$12.89 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of C$12.78 and a 200-day simple moving average of C$11.21. The company has a market cap of C$1.93 billion, a PE ratio of 49.58 and a beta of 0.85. Wesdome Gold Mines has a 12-month low of C$6.84 and a 12-month high of C$14.99.

Insider Activity

In other Wesdome Gold Mines news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$13.46, for a total transaction of C$67,300.00. 0.17% of the stock is currently owned by corporate insiders.

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.