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

Shares of Wesdome Gold Mines Ltd. (TSE:WDOGet Rating) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the firm, reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$14.14.

WDO has been the topic of several recent research reports. National Bankshares cut their target price on shares of Wesdome Gold Mines from C$14.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Monday, November 14th. Eight Capital lowered their target price on shares of Wesdome Gold Mines from C$17.50 to C$15.00 in a report on Wednesday, October 26th. Bank of America decreased their price target on shares of Wesdome Gold Mines from C$14.50 to C$14.00 in a research note on Friday, November 11th. TD Securities reduced their target price on shares of Wesdome Gold Mines from C$12.50 to C$11.50 and set a “buy” rating for the company in a research note on Thursday, November 10th. Finally, Echelon Wealth Partners downgraded shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating in a report on Thursday, November 10th.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$7.60 on Thursday. The company’s 50-day moving average is C$8.43 and its two-hundred day moving average is C$9.28. The company has a debt-to-equity ratio of 9.89, a current ratio of 0.62 and a quick ratio of 0.37. Wesdome Gold Mines has a 1-year low of C$7.09 and a 1-year high of C$16.77. The firm has a market capitalization of C$1.08 billion and a price-to-earnings ratio of 84.44.

Insider Buying and Selling

In other Wesdome Gold Mines news, Director Charles Main sold 20,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of C$8.69, for a total transaction of C$173,800.00. Following the sale, the director now owns 15,000 shares in the company, valued at approximately C$130,350.

Wesdome Gold Mines Company Profile

(Get Rating)

Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company’s properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d’Or, Québec.

See Also

Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to

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