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

Wesdome Gold Mines Ltd. (TSE:WDO) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$22.20.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Wesdome Gold Mines from C$21.50 to C$22.50 in a report on Thursday. Stifel Nicolaus cut shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$24.00 to C$20.50 in a report on Friday, August 15th. Finally, Stifel Canada cut shares of Wesdome Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th.

Wesdome Gold Mines Price Performance

Shares of WDO opened at C$22.06 on Friday. The company has a market capitalization of C$3.33 billion, a P/E ratio of 13.79 and a beta of 0.22. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of C$18.54 and a 200 day moving average of C$18.01. Wesdome Gold Mines has a twelve month low of C$10.89 and a twelve month high of C$22.91.

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.