Clarus Securities reaffirmed their speculative buy rating on shares of Wesdome Gold Mines Ltd. (TSE:WDO) in a report issued on Thursday morning.

Other equities analysts have also issued reports about the stock. M Partners restated a buy rating on shares of Wesdome Gold Mines in a research report on Monday, July 18th. National Bank Financial boosted their target price on shares of Wesdome Gold Mines from C$2.60 to C$2.80 in a report on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of C$2.26.

Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

Shares of Wesdome Gold Mines (TSE:WDO) traded up 0.42% during midday trading on Thursday, hitting $2.41. 65,025 shares of the stock traded hands. Wesdome Gold Mines has a 52-week low of $0.96 and a 52-week high of $2.90. The company’s market cap is $313.04 million. The stock has a 50-day moving average of $2.59 and a 200-day moving average of $1.96.

In other Wesdome Gold Mines news, Director Barry George Smith sold 205,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$2.61, for a total value of C$535,050.00.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant.

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