Analysts Set Wesdome Gold Mines Ltd. (TSE:WDO) PT at C$16.19

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$16.19.

A number of research firms recently weighed in on WDO. National Bankshares raised their price objective on Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. Desjardins increased their target price on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Finally, TD Securities raised Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$16.54 on Friday. The company’s fifty day moving average price is C$15.07 and its 200-day moving average price is C$13.55. The stock has a market cap of C$2.51 billion, a PE ratio of 30.87 and a beta of 0.85. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines has a 12 month low of C$9.89 and a 12 month high of C$17.24.

Insider Buying and Selling at Wesdome Gold Mines

In related news, Senior Officer Rajbir Gill sold 7,884 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$16.26, for a total transaction of C$128,193.84. Insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.