Wesdome Gold Mines Ltd. (TSE:WDO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$15.29.

WDO has been the subject of a number of research reports. Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday.

Insider Buying and Selling at Wesdome Gold Mines

In related news, Senior Officer Rajbir Gill acquired 2,213 shares of Wesdome Gold Mines stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of C$11.65 per share, for a total transaction of C$25,781.45. Also, Director Anthea Ingrid Bath bought 4,250 shares of the firm’s stock in a transaction that occurred 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. Company insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Price Performance

WDO opened at C$14.63 on Friday. 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$2.19 billion, a P/E ratio of 56.27 and a beta of 0.85. The stock has a 50-day moving average price of C$13.39 and a 200-day moving average price of C$12.96. Wesdome Gold Mines has a 12-month low of C$8.57 and a 12-month high of C$15.10.

Wesdome Gold Mines (TSE:WDO) last issued its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.12. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. Equities analysts predict that Wesdome Gold Mines will post 1.293456 earnings per share for the current fiscal year.

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.