Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$15.56 Average Target Price from Analysts

Wesdome Gold Mines Ltd. (TSE:WDO) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are 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 given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$15.56.

Several research analysts recently issued reports on the company. TD Securities raised Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their price target for the stock from C$15.00 to C$17.50 in a report on Thursday, February 13th.

Wesdome Gold Mines Stock Up 1.7 %

Shares of TSE:WDO opened at C$15.20 on Wednesday. The firm has a market cap of C$2.31 billion, a P/E ratio of 28.37 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines has a 12-month low of C$8.98 and a 12-month high of C$15.33. The business has a fifty day simple moving average of C$14.00 and a 200 day simple moving average of C$13.15.

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.