Ventum Financial Boosts Wesdome Gold Mines (TSE:WDO) Price Target to C$15.00

Wesdome Gold Mines (TSE:WDO) had its price objective upped by Ventum Financial from C$12.05 to C$15.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

WDO has been the subject of a number of other reports. CIBC boosted their price objective on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Eight Capital upped their price target on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th. National Bankshares boosted their target price on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an outperform rating in a research note on Tuesday, August 20th. Ventum Cap Mkts upgraded Wesdome Gold Mines from a hold rating to a strong-buy rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets boosted their price objective on Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$14.38.

Wesdome Gold Mines Price Performance

WDO opened at C$12.89 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of C$1.93 billion, a P/E ratio of 49.58 and a beta of 0.85. The stock has a 50-day moving average price of C$12.78 and a 200-day moving average price of C$11.21. Wesdome Gold Mines has a 12-month low of C$6.84 and a 12-month high of C$14.99.

Insider Buying and Selling

In related news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$13.37, for a total value of C$66,850.00. 0.17% of the stock is owned by insiders.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.