Wesdome Gold Mines (TSE:WDO – Get Rating) had its price objective reduced by National Bankshares from C$11.25 to C$9.50 in a research report report published on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.
WDO has been the topic of a number of other reports. Echelon Wealth Partners cut shares of Wesdome Gold Mines from a buy rating to a hold rating in a report on Thursday, November 10th. TD Securities reduced their price target on shares of Wesdome Gold Mines from C$12.50 to C$11.50 and set a buy rating on the stock in a research report on Thursday, November 10th. Bank of America cut their target price on shares of Wesdome Gold Mines from C$14.50 to C$14.00 in a research report on Friday, November 11th. Canaccord Genuity Group dropped their price target on shares of Wesdome Gold Mines from C$10.00 to C$9.00 in a research note on Thursday, October 20th. Finally, BMO Capital Markets lowered their target price on shares of Wesdome Gold Mines from C$15.00 to C$14.00 in a research note on Wednesday, January 18th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$12.19.
Wesdome Gold Mines Stock Down 2.9 %
TSE WDO opened at C$6.41 on Tuesday. Wesdome Gold Mines has a 1-year low of C$6.27 and a 1-year high of C$16.77. The stock’s 50 day moving average is C$8.05 and its two-hundred day moving average is C$8.66. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 9.89. The company has a market capitalization of C$913.34 million and a price-to-earnings ratio of 71.22.
Insider Transactions at Wesdome Gold Mines
In other news, Director Charles Main sold 10,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of C$8.60, for a total value of C$86,000.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at C$43,000.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec.
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