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

Wesdome Gold Mines Ltd. (TSE:WDO) has earned an average recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$24.25.

WDO has been the subject of several recent research reports. CIBC upped their price objective on Wesdome Gold Mines from C$24.00 to C$27.00 in a research report on Friday, October 10th. Stifel Canada raised Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Stifel Nicolaus upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$20.50 to C$28.00 in a report on Monday, October 20th. Finally, Canaccord Genuity Group boosted their price objective on shares of Wesdome Gold Mines from C$21.50 to C$22.50 in a research report on Thursday, October 2nd.

Wesdome Gold Mines Price Performance

Shares of TSE WDO opened at C$19.91 on Wednesday. The company has a fifty day moving average price of C$20.73 and a 200 day moving average price of C$18.86. The firm has a market cap of C$3.01 billion, a PE ratio of 12.44 and a beta of 0.81. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines has a 1-year low of C$10.89 and a 1-year high of C$24.80.

Wesdome Gold Mines Company Profile

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.