Royal Bank of Canada Boosts Wesdome Gold Mines (TSE:WDO) Price Target to C$19.00

Wesdome Gold Mines (TSE:WDO - Get Free Report) had its price objective lifted by Royal Bank of Canada from C$17.00 to C$19.00 in a research note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada's target price suggests a potential upside of 16.92% from the company's current price.

Several other research firms have also issued reports on WDO. Desjardins increased their target price on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. TD Securities raised Wesdome Gold Mines to a "hold" rating in a report on Tuesday, February 4th. Finally, National Bankshares upped their target price on Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$16.50.

Wesdome Gold Mines Stock Performance

Shares of WDO traded up C$0.53 during trading hours on Friday, hitting C$16.25. The stock had a trading volume of 901,241 shares, compared to its average volume of 443,993. The firm has a market capitalization of C$2.47 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. The firm has a 50-day moving average price of C$15.21 and a 200 day moving average price of C$13.63. Wesdome Gold Mines has a fifty-two week low of C$9.89 and a fifty-two week high of C$17.24.

Insider Buying and Selling at Wesdome Gold Mines

In other news, Senior Officer Rajbir Gill sold 7,884 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$16.26, for a total transaction of C$128,193.84. Insiders own 0.17% of the company's stock.

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.