Brokerages Set Wesdome Gold Mines Ltd. (TSE:WDO) Price Target at C$22.13

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."

Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$22.13.

A number of analysts recently issued reports on the company. Canaccord Genuity Group raised Wesdome Gold Mines from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday, June 4th. 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 Nicolaus cut Wesdome Gold Mines from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$24.00 to C$20.50 in a research report on Friday, August 15th. Finally, Stifel Canada cut Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th.

Wesdome Gold Mines Stock Down 0.9%

WDO traded down C$0.18 during trading on Tuesday, reaching C$19.54. 401,613 shares of the stock traded hands, compared to its average volume of 573,208. The stock has a market cap of C$2.95 billion, a price-to-earnings ratio of 12.21 and a beta of 0.22. Wesdome Gold Mines has a fifty-two week low of C$10.89 and a fifty-two week high of C$20.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The stock's 50-day simple moving average is C$17.69 and its two-hundred day simple moving average is C$17.45.

Insider Activity

In other news, Senior Officer Rajbir Gill sold 10,822 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of C$18.56, for a total transaction of C$200,856.32. Company insiders own 0.17% of the company's stock.

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.