Wesdome Gold Mines (TSE:WDO) Upgraded at Desjardins

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

A number of other brokerages have also recently commented on WDO. Eight Capital increased their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a report on Thursday, August 15th. National Bankshares boosted 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 research note on Tuesday, August 20th. Ventum Financial upped their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Canaccord Genuity Group lifted their price target on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a report on Tuesday, July 23rd. Finally, CIBC upped their price objective on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wesdome Gold Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.29.

Wesdome Gold Mines Price Performance

Shares of WDO traded down C$0.14 on Thursday, reaching C$12.06. The stock had a trading volume of 324,285 shares, compared to its average volume of 466,096. The firm has a 50-day moving average of C$12.81 and a 200 day moving average of C$12.15. The firm has a market capitalization of C$1.80 billion, a PE ratio of 46.38 and a beta of 0.85. Wesdome Gold Mines has a twelve month low of C$7.03 and a twelve month high of C$14.99. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.05. The business had revenue of C$127.80 million during the quarter. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. Sell-side analysts expect that Wesdome Gold Mines will post 1.293456 EPS for the current year.

Insider Activity at Wesdome Gold Mines

In other news, Senior Officer Rajbir Gill sold 3,500 shares of Wesdome Gold Mines 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 Rajbir Gill sold 3,500 shares of Wesdome Gold Mines stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total transaction of C$43,645.00. Also, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total value of C$66,850.00. Over the last 90 days, insiders have sold 17,991 shares of company stock worth $235,103. 0.17% of the stock is owned by 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.