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

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

Other equities research analysts have also recently issued reports about the company. Eight Capital upped their price target on Wesdome Gold Mines from C$15.00 to C$16.00 in a research report 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 research report on Thursday, August 15th. Ventum Financial upped their price target on Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th. Canaccord Genuity Group upped their price objective on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares upped their price objective on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an "outperform" rating in a research report on Tuesday, August 20th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$15.29.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO traded down C$0.14 during midday trading on Thursday, reaching C$12.06. The company had a trading volume of 324,285 shares, compared to its average volume of 466,096. The company's 50 day moving average price is C$12.81 and its 200 day moving average price is C$12.15. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The stock has a market cap of C$1.80 billion, a P/E ratio of 46.38 and a beta of 0.85. Wesdome Gold Mines has a 52-week low of C$7.03 and a 52-week high of C$14.99.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.05. The business had revenue of C$127.80 million for the quarter. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. As a group, sell-side analysts anticipate that Wesdome Gold Mines will post 1.293456 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total value of C$38,905.00. In related news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of Wesdome Gold Mines stock in a transaction on 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 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. Over the last ninety days, insiders have sold 17,991 shares of company stock valued at $235,103. 0.17% of the stock is currently owned by corporate 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.