Wesdome Gold Mines (WDO) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Wesdome Gold Mines (TSE: WDO) recently:

  • 11/14/2022 – Wesdome Gold Mines had its price target lowered by analysts at National Bankshares, Inc. from C$14.50 to C$14.00. They now have an “outperform” rating on the stock.
  • 11/11/2022 – Wesdome Gold Mines had its price target lowered by analysts at Bank of America Co. from C$14.50 to C$14.00.
  • 11/10/2022 – Wesdome Gold Mines was downgraded by analysts at Echelon Wealth Partners from a “buy” rating to a “hold” rating.
  • 11/10/2022 – Wesdome Gold Mines had its price target lowered by analysts at TD Securities from C$12.50 to C$11.50. They now have a “buy” rating on the stock.
  • 10/26/2022 – Wesdome Gold Mines had its price target lowered by analysts at Eight Capital from C$17.50 to C$15.00.
  • 10/20/2022 – Wesdome Gold Mines had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$10.00 to C$9.00.
  • 10/17/2022 – Wesdome Gold Mines had its price target lowered by analysts at National Bankshares, Inc. from C$15.00 to C$14.50. They now have an “outperform” rating on the stock.
  • 10/6/2022 – Wesdome Gold Mines had its price target raised by analysts at Canaccord Genuity Group Inc. from C$9.00 to C$10.00.

Wesdome Gold Mines Trading Down 3.5 %

WDO stock opened at C$9.59 on Friday. The company has a debt-to-equity ratio of 9.89, a current ratio of 0.62 and a quick ratio of 0.37. The company has a market capitalization of C$1.37 billion and a price-to-earnings ratio of 45.67. Wesdome Gold Mines Ltd. has a 1-year low of C$7.43 and a 1-year high of C$16.77. The business has a 50 day simple moving average of C$8.72 and a two-hundred day simple moving average of C$9.99.

Insider Activity at Wesdome Gold Mines

In other news, Director Charles Main sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of C$8.69, for a total value of C$173,800.00. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at C$130,350.

Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec.

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