Wesdome Gold Mines (TSE:WDO) Upgraded by Desjardins to Hold Rating

Desjardins upgraded shares of Wesdome Gold Mines (TSE:WDO) to a hold rating in a research note released on Thursday, Zacks.com reports.

A number of other research firms have also recently weighed in on WDO. Ventum Financial raised their price target on Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Eight Capital boosted their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. BMO Capital Markets upped their price target on Wesdome Gold Mines from C$14.00 to C$18.00 in a report on Thursday, August 15th. CIBC raised their price objective on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Finally, National Bankshares upped their target price on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wesdome Gold Mines presently has an average rating of “Moderate Buy” and a consensus price target of C$15.29.

Wesdome Gold Mines Stock Down 1.1 %

Shares of WDO stock traded down C$0.14 during trading hours on Thursday, reaching C$12.06. 324,285 shares of the stock were exchanged, compared to its average volume of 466,096. The business’s fifty day moving average is C$12.81 and its two-hundred day moving average is C$12.15. The firm has a market capitalization of C$1.80 billion, a P/E ratio of 46.38 and a beta of 0.85. Wesdome Gold Mines has a 12-month low of C$7.03 and a 12-month high of C$14.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.05. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. The company had revenue of C$127.80 million during the quarter. As a group, research analysts expect that Wesdome Gold Mines will post 1.293456 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Rajbir Gill sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$12.47, for a total value of C$43,645.00. In related news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total value of C$38,905.00. Also, Senior Officer Rajbir Gill sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$12.47, for a total value of C$43,645.00. Insiders have sold 17,991 shares of company stock valued at $235,103 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

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.