Analysts Set Wesdome Gold Mines Ltd. (TSE:WDO) Price Target at C$20.70

Key Points

• Wesdome Gold Mines Ltd. has received a **consensus recommendation** of "Moderate Buy" from six research firms, with an average price target of **C$20.70**.
• Recent analyst actions include Stifel Nicolaus downgrading the stock to a **"hold"** rating, while Canaccord Genuity upgraded it to **"strong buy"**.
• Insider selling activity has been noted, with a total of **29,827 shares** sold in the last quarter, reflecting some cautious sentiment from company executives.

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$20.70.

A number of equities research analysts have issued reports on WDO shares. 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. National Bankshares lifted their price objective on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Stifel Canada downgraded Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Royal Bank Of Canada upped their target price on Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus cut Wesdome Gold Mines from a "buy" rating to a "hold" rating and lowered their price target for the company from C$24.00 to C$20.50 in a research note on Friday, August 15th.

Insider Activity at Wesdome Gold Mines

In related news, Senior Officer Rajbir Gill sold 10,822 shares of Wesdome Gold Mines stock in a transaction on Monday, June 30th. The shares were sold at an average price of C$18.56, for a total value of C$200,856.32. Also, Senior Officer Robert Kristian Fitzgerald Kallio sold 3,348 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$19.27, for a total transaction of C$64,515.96. Insiders sold 28,343 shares of company stock valued at $529,274 over the last three months. Insiders own 0.17% of the company's stock.

Wesdome Gold Mines Stock Up 1.9%

TSE WDO traded up C$0.30 during trading on Friday, reaching C$16.30. 575,489 shares of the company's stock were exchanged, compared to its average volume of 562,816. The company's fifty day simple moving average is C$17.90 and its 200-day simple moving average is C$16.98. Wesdome Gold Mines has a fifty-two week low of C$10.89 and a fifty-two week high of C$20.24. The firm has a market capitalization of C$2.47 billion, a PE ratio of 30.42 and a beta of 0.85. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.

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.