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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$14.38.

A number of brokerages recently commented on WDO. Eight Capital upped their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. CIBC lifted their target price on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Canaccord Genuity Group boosted their price target on Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Ventum Financial raised their price objective on Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th. Finally, National Bankshares boosted their target price on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a report on Tuesday, August 20th.

Insider Activity

In related news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of Wesdome Gold Mines stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total value of C$38,905.00. In other Wesdome Gold Mines news, Senior Officer Rajbir Gill sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total value of C$43,645.00. Also, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of Wesdome Gold Mines stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total transaction of C$38,905.00. Insiders have sold 17,991 shares of company stock valued at $235,103 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

Wesdome Gold Mines Price Performance

Shares of Wesdome Gold Mines stock opened at C$12.48 on Friday. The company’s fifty day simple moving average is C$13.01 and its two-hundred day simple moving average is C$11.90. Wesdome Gold Mines has a 12-month low of C$7.03 and a 12-month high of C$14.99. The firm has a market cap of C$1.87 billion, a PE ratio of 48.00 and a beta of 0.86. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44.

Wesdome Gold Mines (TSE:WDO) last posted its earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.05. The company had revenue of C$127.80 million for the quarter. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. As a group, equities analysts expect that Wesdome Gold Mines will post 1.3808463 EPS for the current 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.