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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$14.08.

WDO has been the topic of a number of recent research reports. Ventum Financial upgraded shares of Wesdome Gold Mines from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$9.65 to C$12.65 in a research note on Tuesday, May 28th. Canaccord Genuity Group boosted their price target on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research note on Tuesday, July 23rd. TD Securities cut their price objective on Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. National Bankshares lifted their target price on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a report on Tuesday. Finally, BMO Capital Markets upped their price target on Wesdome Gold Mines from C$14.00 to C$18.00 in a report on Thursday, August 15th.

Wesdome Gold Mines Trading Up 0.4 %

Shares of TSE WDO opened at C$13.74 on Friday. 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 market capitalization of C$2.06 billion, a PE ratio of 52.85 and a beta of 0.75. Wesdome Gold Mines has a twelve month low of C$6.84 and a twelve month high of C$14.99. The stock has a fifty day simple moving average of C$12.49 and a 200-day simple moving average of C$11.05.

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.