Wesdome Gold Mines Ltd. (TSE:WDO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$15.29.

Separately, Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st.

Insider Activity

In other news, Senior Officer Rajbir Gill acquired 2,213 shares of the business’s stock in a transaction on Monday, November 18th. The shares were purchased at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Also, Director Anthea Ingrid Bath bought 4,250 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Corporate insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Trading Up 2.6 %

Shares of Wesdome Gold Mines stock opened at C$13.57 on Tuesday. Wesdome Gold Mines has a 12-month low of C$7.36 and a 12-month high of C$14.99. 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 cap of C$2.03 billion, a PE ratio of 52.19 and a beta of 0.85. The company has a 50-day moving average of C$12.74 and a two-hundred day moving average of C$12.82.

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.