Wesdome Gold Mines Ltd. (TSE:WDO) Stock Has Consensus Target Price of C$33.38 According to Analysts

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$33.38.

A number of equities analysts have recently commented on WDO shares. Canadian Imperial Bank of Commerce raised their price objective on shares of Wesdome Gold Mines from C$32.00 to C$35.00 in a report on Friday, August 21st. BMO Capital Markets lowered shares of Wesdome Gold Mines from an “outperform” rating to a “hold” rating and increased their price target for the stock from C$30.00 to C$34.00 in a research report on Wednesday, August 19th. Stifel Nicolaus upgraded shares of Wesdome Gold Mines to a “strong-buy” rating in a research note on Monday, June 29th. Desjardins lifted their price objective on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, National Bank Financial upped their price objective on Wesdome Gold Mines from C$34.50 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th.

Insider Buying and Selling

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath sold 66,961 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total transaction of C$2,085,835.15. Following the sale, the director owned 130,128 shares of the company’s stock, valued at C$4,053,487.20. This represents a 33.98% decrease in their position. 0.17% of the stock is currently owned by corporate insiders.

Wesdome Gold Mines Trading Up 2.7%

Shares of Wesdome Gold Mines stock opened at C$34.51 on Thursday. The business has a fifty day simple moving average of C$33.90 and a 200-day simple moving average of C$28.87. Wesdome Gold Mines has a fifty-two week low of C$19.48 and a fifty-two week high of C$37.22. The firm has a market cap of C$4.95 billion, a price-to-earnings ratio of 12.46 and a beta of 1.32. The company has a quick ratio of 0.37, a current ratio of 6.90 and a debt-to-equity ratio of 0.73.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Thursday, August 13th. The company reported C$0.65 EPS for the quarter. Wesdome Gold Mines had a return on equity of 43.77% and a net margin of 38.46%. The business had revenue of C$266.76 million during the quarter. On average, equities analysts forecast that Wesdome Gold Mines will post 1.29 EPS for the current fiscal year.

Wesdome Gold Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.0306 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 15th.

About Wesdome Gold Mines

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.