Wesdome Gold Mines (TSE:WDO) Given New C$18.00 Price Target at Desjardins

Wesdome Gold Mines (TSE:WDO) had its price objective raised by equities research analysts at Desjardins from C$17.50 to C$18.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 15.16% from the stock’s previous close.

Separately, TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Wesdome Gold Mines presently has a consensus rating of “Moderate Buy” and an average price target of C$15.63.

Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock traded down C$0.50 on Thursday, hitting C$15.63. 624,665 shares of the company’s stock were exchanged, compared to its average volume of 384,661. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. Wesdome Gold Mines has a 1 year low of C$9.49 and a 1 year high of C$16.27. The company has a 50-day simple moving average of C$14.39 and a 200-day simple moving average of C$13.27. The stock has a market capitalization of C$2.37 billion, a PE ratio of 29.17 and a beta of 0.85.

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.