Wesdome Gold Mines Ltd. (WDO) Stock Rating Reaffirmed by Clarus Securities

Wesdome Gold Mines Ltd. (TSE:WDO)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Clarus Securities in a report issued on Thursday.

Several other research firms also recently weighed in on WDO. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a report on Monday, July 18th. National Bank Financial lifted their price objective on Wesdome Gold Mines from C$2.60 to C$2.80 in a report on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Wesdome Gold Mines presently has a consensus rating of “Buy” and an average target price of C$2.26.

Analyst Recommendations for Wesdome Gold Mines (TSE:WDO)

Wesdome Gold Mines (TSE:WDO) opened at 2.48 on Thursday. The company’s market cap is $322.14 million. Wesdome Gold Mines has a 1-year low of $0.96 and a 1-year high of $2.90. The firm’s 50-day moving average is $2.59 and its 200 day moving average is $1.97.

In other Wesdome Gold Mines news, Director Barry George Smith sold 205,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$2.61, for a total value of C$535,050.00.

Wesdome Gold Mines Company Profile

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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