Wesdome Gold Mines Ltd. (WDO) Receives C$2.17 Average Price Target from Brokerages
Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$2.17.
Several research firms recently commented on WDO. Clarus Securities reaffirmed a “speculative buy” rating on shares of Wesdome Gold Mines in a research report on Thursday, October 13th. National Bank Financial boosted their price objective on shares of Wesdome Gold Mines from C$3.00 to C$3.25 in a research report on Friday, November 4th.
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Shares of Wesdome Gold Mines (TSE:WDO) opened at 2.50 on Friday. The stock has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.18. The firm has a market capitalization of $325.38 million and a P/E ratio of 50.00. Wesdome Gold Mines has a 12 month low of $0.98 and a 12 month high of $3.08.
In other Wesdome Gold Mines news, Director Barry George Smith sold 205,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$2.61, for a total transaction 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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