National Bank Sticks to Its Buy Rating for Wesdome Gold Mines (WDO)

In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Wesdome Gold Mines (TSX: WDO). National Bank’s analyst Don DeMarco reiterates their Buy rating on the shares, with a C$4.50 price target.

Wesdome Gold Mines has an analyst consensus of Moderate Buy, with a price target consensus of C$4.88.

The company has a one-year high of C$3.83 and a one-year low of C$1.64. Currently, Wesdome Gold Mines has an average volume of 559.2K.

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 1976 and is headquartered in Toronto, Canada.

The company’s shares closed on Wednesday at C$3.49, close to its 52-week high of C$3.83.