Wesdome Gold Mines Ltd. (TSE:WDO) Given Average Recommendation of “Moderate Buy” by Brokerages

Wesdome Gold Mines Ltd. (TSE:WDO) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$14.38.

A number of equities research analysts have weighed in on WDO shares. Canaccord Genuity Group lifted their price objective on Wesdome Gold Mines from C$11.75 to C$14.00 in a report on Tuesday, July 23rd. 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 report on Tuesday, August 20th. CIBC raised their target price on Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. BMO Capital Markets boosted their target price on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Finally, Eight Capital increased their price target on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$14.16 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The firm has a market cap of C$2.12 billion, a price-to-earnings ratio of 54.46 and a beta of 0.86. The firm’s fifty day moving average price is C$13.10 and its 200 day moving average price is C$11.49. Wesdome Gold Mines has a 1-year low of C$6.84 and a 1-year high of C$14.99.

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 net margin of 9.74% and a return on equity of 8.68%. The company had revenue of C$127.80 million during the quarter. On average, sell-side analysts expect that Wesdome Gold Mines will post 1.2298507 EPS for the current year.

Insider Activity

In other Wesdome Gold Mines news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$13.46, for a total transaction of C$67,300.00. In other news, Senior Officer Rajbir Gill sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$13.46, for a total value of C$67,300.00. Insiders sold a total of 17,991 shares of company stock worth $235,103 over the last 90 days. 0.17% of the stock is currently owned by corporate 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.