Wesdome Gold Mines (TSE:WDO) Upgraded at Desjardins

Wesdome Gold Mines (TSE:WDO) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a C$17.50 target price on the stock, up from their prior target price of C$15.00. Desjardins’ price objective points to a potential upside of 19.29% from the stock’s current price.

Separately, TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.56.

Wesdome Gold Mines Stock Down 0.3 %

Shares of Wesdome Gold Mines stock traded down C$0.04 on Thursday, reaching C$14.67. The stock had a trading volume of 540,606 shares, compared to its average volume of 338,997. The company has a 50 day moving average price of C$13.56 and a 200 day moving average price of C$13.01. The stock has a market capitalization of C$2.23 billion, a P/E ratio of 27.38 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines has a 1 year low of C$8.57 and a 1 year high of C$15.20.

Insider Transactions at Wesdome Gold Mines

In other news, Director Anthea Ingrid Bath bought 4,250 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill bought 2,213 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Corporate insiders own 0.17% of the company’s stock.

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.