Wesdome Gold Mines (WDO) Gets a Buy Rating from National Bank

By Ryan Adsit

Wesdome Gold Mines (WDOResearch Report), the Materials sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from National Bank’s analyst Don DeMarco, with a C$6.25 price target.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 12.1% and a 73.2% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Kirkland Lake Gold Ltd, and First Majestic Silver.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wesdome Gold Mines with a C$6.25 average price target.

Wesdome Gold Mines’ market cap is currently C$770.1M and has a P/E ratio of 37.5. The company has a Price to Book ratio of 4.58.

Wesdome Gold Mines Ltd. is a mining exploration company, which engages in the provision of acquisition, exploration, evaluation, and development of gold properties. It holds interest in the Eagle River Mine, Mishi Mine, Kiena complex, and Moss Lake Gold Mines properties. The company was founded in 1945 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$5.68, close to its 52-week high of C$5.83.