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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two 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 1-year target price among brokers that have issued ratings on the stock in the last year is C$16.19.

A number of analysts have weighed in on the company. Desjardins upped their price target on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. TD Securities raised shares of Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Finally, National Bankshares lifted their price target on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday.

Wesdome Gold Mines Stock Down 0.7 %

Shares of WDO stock opened at C$16.84 on Friday. Wesdome Gold Mines has a one year low of C$9.89 and a one year high of C$17.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The stock has a fifty day moving average price of C$14.81 and a 200 day moving average price of C$13.46. The stock has a market cap of C$2.56 billion, a P/E ratio of 31.43 and a beta of 0.85.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.