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

Key Points

• Wesdome Gold Mines Ltd. has received an average rating of "Moderate Buy" from six research firms, with a 12-month price target averaging C$22.13.
• The stock's performance has seen fluctuations, with a 1-year low of C$10.89 and a high of C$20.24, currently trading at C$19.26.
• Recent analyst activity includes Stifel Nicolaus downgrading their rating from "buy" to "hold," while Canaccord Genuity upgraded it from "hold" to "strong-buy."

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$22.13.

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

Insider Transactions 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. Corporate insiders own 0.17% of the company's stock.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO traded down C$0.18 during trading on Tuesday, hitting C$19.54. 401,613 shares of the stock traded hands, compared to its average volume of 573,208. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The company has a market cap of C$2.95 billion, a price-to-earnings ratio of 12.21 and a beta of 0.22. The company has a fifty day moving average price of C$17.69 and a two-hundred day moving average price of C$17.49. Wesdome Gold Mines has a 52-week low of C$10.89 and a 52-week high of C$20.24.

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.