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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$15.29.

Several equities research analysts recently weighed in on the company. TD Securities raised Wesdome Gold Mines to a “hold” rating in a report on Tuesday. Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st.

Insider Transactions at Wesdome Gold Mines

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath acquired 4,250 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill bought 2,213 shares of Wesdome Gold Mines stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of C$11.65 per share, with a total value of C$25,781.45. Insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Price Performance

WDO opened at C$14.63 on Friday. Wesdome Gold Mines has a fifty-two week low of C$8.57 and a fifty-two week high of C$15.10. The firm has a 50-day moving average of C$13.39 and a 200 day moving average of C$12.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. The firm has a market cap of C$2.19 billion, a P/E ratio of 56.27 and a beta of 0.85.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, beating 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%. On average, research analysts expect that Wesdome Gold Mines will post 1.293456 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.