Wesdome Gold Mines (TSE:WDO) Rating Increased to Buy at Desjardins

Wesdome Gold Mines (TSE:WDO - Get Free Report) was upgraded by equities researchers at Desjardins from a "hold" rating to a "buy" rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a C$17.50 price objective on the stock, up from their prior price objective of C$15.00. Desjardins' price objective points to a potential upside of 22.63% from the stock's current price.

Separately, TD Securities upgraded shares of Wesdome Gold Mines to a "hold" rating in a report on Tuesday, February 4th. Two investment 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 company's stock. According to MarketBeat.com, Wesdome Gold Mines has an average rating of "Moderate Buy" and a consensus target price of C$15.56.

Wesdome Gold Mines Trading Down 4.0 %

Shares of TSE WDO traded down C$0.60 during trading hours on Thursday, hitting C$14.27. 594,282 shares of the company traded hands, compared to its average volume of 361,387. The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 26.63 and a beta of 0.85. The company's 50 day moving average price is C$13.61 and its 200 day moving average price is C$13.03. Wesdome Gold Mines has a 12 month low of C$8.72 and a 12 month high of C$15.20. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.

Wesdome Gold Mines Company Profile

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.