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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$13.77.

WDO has been the subject of several analyst reports. Ventum Cap Mkts upgraded shares of Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 28th. Canaccord Genuity Group boosted their target price on Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. TD Securities decreased their price target on Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. BMO Capital Markets upped their price objective on Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday. Finally, CIBC increased their target price on Wesdome Gold Mines from C$14.00 to C$14.50 in a research note on Wednesday, July 10th.

Wesdome Gold Mines Stock Up 3.0 %

Shares of WDO opened at C$13.91 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.99 and a debt-to-equity ratio of 7.15. The business has a fifty day moving average of C$12.33 and a 200 day moving average of C$10.89. The company has a market cap of C$2.08 billion, a PE ratio of 463.67 and a beta of 0.75. Wesdome Gold Mines has a 52-week low of C$6.81 and a 52-week high of C$14.99.

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.