Wesdome Gold Mines Ltd. (TSE:WDO) Receives Average Rating of “Moderate Buy” from Analysts

Wesdome Gold Mines Ltd. (TSE:WDO) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two 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. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$14.38.

WDO has been the subject of a number of analyst reports. 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. Ventum Cap Mkts raised shares of Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 28th. Ventum Financial raised their price objective on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Canaccord Genuity Group boosted their target price on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research note on Tuesday, July 23rd. Finally, CIBC increased their target price on Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th.

Insider Activity at Wesdome Gold Mines

In related news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$13.37, for a total value of C$66,850.00. In related news, Senior Officer Rajbir Gill sold 3,500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total transaction of C$43,645.00. Also, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total transaction of C$66,850.00. Insiders sold a total of 17,991 shares of company stock valued at $235,103 over the last ninety days. Insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$14.16 on Wednesday. Wesdome Gold Mines has a 52 week low of C$6.84 and a 52 week high of C$14.99. The company has a fifty day simple moving average of C$13.10 and a two-hundred day simple moving average of C$11.49. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44. The company has a market cap of C$2.12 billion, a price-to-earnings ratio of 54.46 and a beta of 0.86.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Wednesday, August 14th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.05. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. The firm had revenue of C$127.80 million during the quarter. As a group, equities analysts anticipate that Wesdome Gold Mines will post 1.2298507 earnings per share for the current fiscal year.

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.