Wesdome Gold Mines Ltd. (WDO.TO) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts remain moderately positive: Wesdome Gold Mines has a consensus “Moderate Buy” rating, with three buys and three holds, and an average 1-year price target of C$34.50.
• Several firms recently downgraded the stock to “Hold,” although some raised their price targets; targets currently range from C$33.00 to C$41.00.
• Recent company highlights: Wesdome reported C$0.65 quarterly EPS on C$266.76 million in revenue and pays a quarterly dividend equivalent to a 0.5% annual yield. Director Anthea Bath also sold 66,961 shares, reducing her ownership by nearly 34%.

Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$34.50.

A number of research analysts recently weighed in on WDO shares. Stifel Nicolaus lowered shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and set a C$34.00 price target on the stock. in a research note on Monday, October 19th. Canaccord Genuity Group downgraded Wesdome Gold Mines from a "buy" rating to a "hold" rating and upped their price objective for the company from C$30.00 to C$33.00 in a research report on Friday, October 23rd. Desjardins dropped their target price on Wesdome Gold Mines from C$42.00 to C$41.00 and set a "buy" rating on the stock in a report on Thursday, October 22nd. BMO Capital Markets downgraded Wesdome Gold Mines from an "outperform" rating to a "hold" rating and upped their price objective for the stock from C$30.00 to C$34.00 in a research note on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Wesdome Gold Mines from C$32.00 to C$35.00 in a research note on Friday, August 21st.

Insiders Place Their Bets

In other news, Director Anthea Ingrid Bath sold 66,961 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total transaction of C$2,085,835.15. Following the transaction, the director directly owned 130,128 shares of the company's stock, valued at approximately C$4,053,487.20. This trade represents a 33.98% decrease in their ownership of the stock. 0.17% of the stock is currently owned by company insiders.

Wesdome Gold Mines Stock Performance

WDO opened at C$25.56 on Monday. Wesdome Gold Mines has a fifty-two week low of C$19.48 and a fifty-two week high of C$37.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 6.90 and a quick ratio of 0.37. The company's 50-day moving average is C$33.13 and its 200 day moving average is C$27.90. The firm has a market capitalization of C$3.67 billion, a PE ratio of 9.23 and a beta of 1.32.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The business had revenue of C$266.76 million during the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%. As a group, research analysts predict that Wesdome Gold Mines will post 1.29 earnings per share for the current fiscal year.

Wesdome Gold Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a dividend of $0.0306 per share. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 15th.

Wesdome Gold Mines Company Profile

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d'Or, Québec. The Company's primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.

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