Wesdome Gold Mines Ltd. (TSE:WDO) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Wesdome Gold Mines Ltd. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of C$22.20.
• The company's shares have fluctuated between a fifty-two week low of C$10.89 and a high of C$22.91, and currently have a market capitalization of C$3.33 billion.
• Recent analyst activity includes a downgrade from Stifel Nicolaus from a "buy" to a "hold" rating, with a lowered target price of C$20.50.

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$22.20.

WDO has been the subject of a number of analyst reports. Stifel Nicolaus downgraded shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and decreased their target price for the company from C$24.00 to C$20.50 in a research note on Friday, August 15th. Canaccord Genuity Group raised their price target on shares of Wesdome Gold Mines from C$21.50 to C$22.50 in a research report on Thursday. Finally, Stifel Canada downgraded shares of Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th.

Wesdome Gold Mines Price Performance

Shares of TSE WDO opened at C$22.06 on Friday. Wesdome Gold Mines has a fifty-two week low of C$10.89 and a fifty-two week high of C$22.91. The company has a 50 day simple moving average of C$18.54 and a two-hundred day simple moving average of C$18.01. The company has a market capitalization of C$3.33 billion, a price-to-earnings ratio of 13.79 and a beta of 0.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.

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.

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