Wesdome Gold Mines Ltd. (TSE:WDO) Director Acquires C$50,277.50 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath purchased 4,250 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of C$11.83 per share, for a total transaction of C$50,277.50.

Wesdome Gold Mines Price Performance

Shares of TSE WDO traded up C$0.10 during midday trading on Tuesday, reaching C$11.80. 102,060 shares of the company were exchanged, compared to its average volume of 469,342. The stock’s 50-day moving average price is C$12.55 and its 200-day moving average price is C$12.23. Wesdome Gold Mines Ltd. has a one year low of C$7.03 and a one year high of C$14.99. The stock has a market cap of C$1.76 billion, a P/E ratio of 45.35 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. National Bankshares upped their price objective on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Canaccord Genuity Group increased their price target on Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. Eight Capital lifted their price target on Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets lifted their target price on Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$15.29.

Wesdome Gold Mines Company Profile

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.