Shares of Wesdome Gold Mines Ltd. (TSE:WDO) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$2.17.

A number of research analysts have recently weighed in on WDO shares. Clarus Securities reaffirmed a “buy” rating on shares of Wesdome Gold Mines in a research report on Tuesday, September 6th. National Bank Financial lifted their price objective on Wesdome Gold Mines from C$3.00 to C$3.25 in a research report on Friday, November 4th.

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Shares of Wesdome Gold Mines (TSE:WDO) opened at 2.50 on Friday. The stock has a market cap of $325.38 million and a price-to-earnings ratio of 50.00. Wesdome Gold Mines has a 52 week low of $0.98 and a 52 week high of $3.08. The firm has a 50-day moving average price of $2.58 and a 200 day moving average price of $2.19.

In related news, Director Barry George Smith sold 205,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of C$2.61, for a total transaction 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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