The Clarus Securities Reaffirms “Speculative Buy” Rating for Wesdome Gold Mines Ltd. (WDO)

The Clarus Securities Reaffirms “Speculative Buy” Rating for Wesdome Gold Mines Ltd. (WDO)

Clarus Securities restated their speculative buy rating on shares of Wesdome Gold Mines Ltd. (TSE:WDO) in a research note released on Thursday morning.

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

Shares of Wesdome Gold Mines (TSE:WDO) opened at 2.55 on Thursday. Wesdome Gold Mines has a 12 month low of $0.96 and a 12 month high of $2.90. The firm has a 50 day moving average price of $2.60 and a 200-day moving average price of $1.98. The firm’s market cap is $331.23 million.

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

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