Wesdome Gold Mines Ltd (TSE:WDO) has been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$6.91.
WDO has been the subject of several research analyst reports. Echelon Wealth Partners lowered Wesdome Gold Mines from a “speculative buy” rating to a “hold” rating in a research note on Friday, August 9th. Eight Capital lifted their price target on Wesdome Gold Mines from C$6.25 to C$7.50 in a research note on Thursday, August 8th. BMO Capital Markets lifted their price target on Wesdome Gold Mines from C$8.00 to C$9.00 in a research note on Wednesday. Desjardins lowered Wesdome Gold Mines from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$5.75 to C$6.00 in a research note on Wednesday, July 17th. Finally, National Bank Financial lifted their price target on Wesdome Gold Mines from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Thursday, September 5th.
WDO stock traded down C$0.12 during mid-day trading on Friday, hitting C$6.02. 610,920 shares of the stock were exchanged, compared to its average volume of 648,313. The company has a debt-to-equity ratio of 5.69, a current ratio of 1.72 and a quick ratio of 1.21. The business has a fifty day moving average price of C$7.00 and a 200 day moving average price of C$5.38. Wesdome Gold Mines has a 12 month low of C$3.30 and a 12 month high of C$7.81. The stock has a market capitalization of $908.29 million and a price-to-earnings ratio of 36.17.
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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