Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$14.38.
Several research firms recently weighed in on WDO. Eight Capital increased their price target on Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. National Bankshares upped their price objective on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. 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, August 15th. CIBC upped their price objective on Wesdome Gold Mines from C$14.00 to C$14.50 in a research report on Wednesday, July 10th. Finally, Ventum Financial upped their price objective on Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th.
Check Out Our Latest Research Report on WDO
Wesdome Gold Mines Stock Performance
Wesdome Gold Mines (TSE:WDO – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.05. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. The company had revenue of C$127.80 million for the quarter. On average, sell-side analysts anticipate that Wesdome Gold Mines will post 1.3808463 earnings per share for the current year.
Insider Transactions at Wesdome Gold Mines
In other news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total transaction of C$38,905.00. In other news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total transaction of C$38,905.00. Also, Senior Officer Rajbir Gill sold 3,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$12.47, for a total value of C$43,645.00. In the last 90 days, insiders have sold 17,991 shares of company stock valued at $235,103. 0.17% of the stock is currently owned by corporate insiders.
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.
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