Wesdome Gold Mines Ltd (TSE:WDO) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$4.39.
WDO has been the subject of several research reports. Pi Financial dropped their target price on shares of Wesdome Gold Mines from C$4.15 to C$3.75 in a report on Friday, September 7th. Eight Capital lifted their target price on shares of Wesdome Gold Mines from C$3.00 to C$4.70 in a report on Monday, July 23rd. Canaccord Genuity reiterated a “buy” rating and issued a C$5.00 target price on shares of Wesdome Gold Mines in a report on Thursday, October 18th. Finally, National Bank Financial lifted their target price on shares of Wesdome Gold Mines from C$4.00 to C$4.50 and gave the company an “outperform” rating in a report on Wednesday, September 12th.
Wesdome Gold Mines stock opened at C$3.61 on Friday. Wesdome Gold Mines has a fifty-two week low of C$1.64 and a fifty-two week high of C$4.18. The company has a current ratio of 1.56, a quick ratio of 1.28 and a debt-to-equity ratio of 5.51.
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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