In a report released today, Craig Stanley from Raymond James maintained a Buy rating on West Red Lake Gold Mines, with a price target of C$1.75. The company’s shares closed yesterday at $0.68.
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Stanley covers the Basic Materials sector, focusing on stocks such as AbraSilver Resource, Lundin Gold, and Torex Gold Resources. According to TipRanks, Stanley has an average return of 21.6% and a 60.45% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for West Red Lake Gold Mines with a $1.25 average price target.
WRLGF market cap is currently $236.4M and has a P/E ratio of -2.56.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WRLGF in relation to earlier this year.
Read More on WRLGF:
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- West Red Lake Gold Mines Reports Strong Q3 Progress at Madsen Mine
- West Red Lake Gold Mines Closes $41 Million Public Offering to Boost Production
- West Red Lake Gold Mines Upsizes Public Offering to $36 Million
- West Red Lake Gold Mines Announces $30 Million Public Offering to Boost Production
- West Red Lake Gold Files PEA Report for Rowan Project
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