Wesdome Gold Mines Ltd. (TSE:WDO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Wesdome Gold Mines Ltd. (TSE:WDO) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$15.29.

Separately, Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$12.85 on Tuesday. Wesdome Gold Mines has a 12 month low of C$7.27 and a 12 month high of C$14.99. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The company has a market cap of C$1.92 billion, a P/E ratio of 49.42 and a beta of 0.85. The firm has a fifty day moving average price of C$12.64 and a 200 day moving average price of C$12.75.

Insiders Place Their Bets

In related news, Director Anthea Ingrid Bath purchased 4,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill acquired 2,213 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$11.65 per share, with a total value of C$25,781.45. 0.17% of the stock is currently owned by corporate insiders.

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.