Wesdome Gold Mines Ltd. (TSE:WDO) Receives C$14.38 Consensus Price Target from Analysts

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$14.38.

A number of equities analysts have recently commented on the stock. Eight Capital lifted their target price on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. National Bankshares lifted their price objective on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Canaccord Genuity Group lifted their price objective on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Ventum Cap Mkts upgraded shares of Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 28th. Finally, Ventum Financial boosted their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th.

Insider Buying and Selling

In other Wesdome Gold Mines news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total value of C$38,905.00. In other Wesdome Gold Mines news, Senior Officer Rajbir Gill sold 3,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$12.47, for a total value of C$43,645.00. Also, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total value of C$38,905.00. In the last quarter, insiders sold 17,991 shares of company stock valued at $235,103. 0.17% of the stock is currently owned by corporate insiders.

Wesdome Gold Mines Trading Down 2.7 %

Shares of WDO stock opened at C$13.35 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The firm has a market cap of C$2.00 billion, a PE ratio of 51.35 and a beta of 0.86. The company has a 50-day moving average of C$13.15 and a two-hundred day moving average of C$11.55. Wesdome Gold Mines has a 1-year low of C$6.84 and a 1-year high of C$14.99.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.05. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. The company had revenue of C$127.80 million during the quarter. On average, analysts predict that Wesdome Gold Mines will post 1.2298507 EPS for the current year.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.