The shares of Wesdome Gold Mines Ltd. (TSE:WDO – Get Rating) received an average recommendation of “Buy” from the twelve research firms that currently cover the company, reports MarketBeat.com. Six investment analysts gave the stock a hold rating and six gave the company a buy rating. The 1-year average target price among brokers who have issued quotes on the stock in the past year is C$16.42.
WDO has been the subject of several research reports. Echelon Wealth Partners upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating in a Thursday, May 12 research note. Canaccord Genuity Group has upgraded Wesdome Gold Mines shares to “buy” and set a price target of C$14.00 for the company in a Monday, May 23 research note. Laurentian Bank of Canada has downgraded Wesdome Gold Mines shares to a “hold” rating and set a price target of C$16.00 for the company. in a Friday, March 11 research note. Eight Capital raised its price target on Wesdome Gold Mines shares from C$16.00 to C$20.00 and gave the company a “neutral” rating in a Thursday, April 21 research note. Finally, Royal Bank of Canada set a price target of C$16.00 on Wesdome Gold Mines shares and gave the company an “industry performance” rating in a Thursday, April 7 research note.
In related news, senior officer Lindsay Jean Maria Carpenter sold 30,000 shares in a trade that took place on Thursday, March 17. The shares were sold at an average price of CA$15.62, for a total value of CA$468,600.00. As a result of the transaction, the insider now owns 16,389 shares of the company, valued at approximately C$255,996.18. Additionally, senior officer Heather Anne Laxton sold 38,439 shares in a trade that took place on Wednesday, March 23. The stock was sold at an average price of CA$15.55, for a total transaction of CA$597,726.45. Following the completion of the transaction, the insider now owns 11,212 shares of the company, valued at approximately C$174,346.60. In the past ninety days, insiders have sold 87,913 shares of the company valued at $1,365,363.
Wesdome Gold Mines shares opened at C$13.40 on Friday. The company has a debt ratio of 3.42, a current ratio of 1.42 and a quick ratio of 1.03. The company has a 50-day moving average of C$13.24 and a 200-day moving average of C$12.95. The company has a market cap of C$1.91 billion and a price-to-earnings ratio of 14.58. Wesdome Gold Mines has a 1-year low of C$9.76 and a 1-year high of C$16.77.
Wesdome Gold Mines (TSE:WDO – Get Rating) last released its quarterly results on Thursday March 10. The company reported earnings per share (EPS) of CA$0.17 for the quarter, reaching the consensus estimate of CA$0.17. The company recorded revenue of C$85.51 million in the quarter, compared to the consensus estimate of C$94.00 million. On average, stock analysts expect Wesdome Gold Mines to post EPS of 1.0316297 for the current year.
About Wesdome Gold Mines (Get a rating)
Wesdome Gold Mines Ltd. is engaged in the exploration, mining, processing and recovery of gold in Canada. It mainly produces gold in the form of golden bars, as well as silver as a by-product. The Company’s properties include the Eagle River Complex which includes the Eagle River Mine, the Mishi Mine and the Eagle River Mill located in Wawa, Ontario; and the Kiena mining complex, which includes the Kiena mine concession and the Kiena mill located in Val-d’Or, Quebec.
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