Wesdome Gold Mines Ltd. (WDO) Given “Speculative Buy” Rating at Clarus Securities
Several other research firms have also recently issued reports on WDO. National Bank Financial raised their price target on shares of Wesdome Gold Mines from C$2.60 to C$2.80 in a research note on Wednesday, July 13th. M Partners reissued a buy rating on shares of Wesdome Gold Mines in a research report on Monday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$2.26.
Shares of Wesdome Gold Mines (TSE:WDO) traded up 0.42% during midday trading on Thursday, hitting $2.41. 65,025 shares of the company’s stock were exchanged. The stock’s market cap is $313.04 million. The stock’s 50 day moving average is $2.59 and its 200-day moving average is $1.96. Wesdome Gold Mines has a 1-year low of $0.96 and a 1-year high of $2.90.
In related news, Director Barry George Smith sold 205,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$2.61, for a total value of C$535,050.00.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant.
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