Insider Buying: Wesdome Gold Mines Ltd. (TSE:WDO) Director Purchases 4,250 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath bought 4,250 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of C$11.83 per share, for a total transaction of C$50,277.50.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$11.86 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is C$12.55 and its 200-day moving average price is C$12.23. Wesdome Gold Mines Ltd. has a twelve month low of C$7.03 and a twelve month high of C$14.99. The company has a market cap of C$1.77 billion, a P/E ratio of 45.62 and a beta of 0.85.

Analyst Upgrades and Downgrades

WDO has been the subject of several research analyst reports. BMO Capital Markets upped their target price on Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Canaccord Genuity Group upped their price objective on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Ventum Financial lifted their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th. Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. Finally, Eight Capital lifted their price objective on Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$15.29.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.