Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$20.70 Consensus Price Target from Analysts

Wesdome Gold Mines Ltd. (TSE:WDO) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$20.70.

WDO has been the subject of a number of research analyst reports. Stifel Nicolaus downgraded shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$24.00 to C$20.50 in a research note on Friday. Canaccord Genuity Group raised shares of Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Stifel Canada downgraded shares of Wesdome Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Thursday. National Bankshares boosted their price target on shares of Wesdome Gold Mines from C$26.75 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a research note on Wednesday, June 4th.

Insider Transactions at Wesdome Gold Mines

In related news, Senior Officer Robert Kristian Fitzgerald Kallio sold 3,348 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of C$19.27, for a total transaction of C$64,515.96. Also, Senior Officer Kevin Lonergan sold 1,484 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of C$18.21, for a total transaction of C$27,023.64. In the last 90 days, insiders sold 29,827 shares of company stock worth $556,297. 0.17% of the stock is owned by insiders.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$16.22 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The firm has a 50-day moving average of C$18.09 and a two-hundred day moving average of C$16.98. Wesdome Gold Mines has a 1-year low of C$10.89 and a 1-year high of C$20.24. The stock has a market cap of C$2.46 billion, a P/E ratio of 30.27 and a beta of 0.85.

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.