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

Wesdome Gold Mines Ltd. (TSE:WDO) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$25.42.

A number of analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. Stifel Canada raised Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. CIBC upped their target price on Wesdome Gold Mines from C$24.00 to C$27.00 in a research report on Friday, October 10th. Stifel Nicolaus raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their price target for the company from C$20.50 to C$28.00 in a research note on Monday, October 20th. Finally, Canaccord Genuity Group boosted their price objective on Wesdome Gold Mines from C$21.50 to C$22.50 in a research note on Thursday, October 2nd.

Wesdome Gold Mines Trading Up 0.9%

Shares of WDO stock opened at C$22.88 on Thursday. Wesdome Gold Mines has a 1 year low of C$12.31 and a 1 year high of C$24.80. The firm has a market capitalization of C$3.45 billion, a PE ratio of 11.98 and a beta of 0.76. The stock has a fifty day moving average of C$21.70 and a two-hundred day moving average of C$19.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.58 EPS for the quarter. The company had revenue of C$230.28 million for the quarter. Wesdome Gold Mines had a return on equity of 17.53% and a net margin of 17.01%. As a group, research analysts expect that Wesdome Gold Mines will post 1.293456 EPS for the current year.

About Wesdome Gold Mines

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.