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

Desjardins upgraded shares of Wesdome Gold Mines (TSE:WDO) from a hold rating to a buy rating in a research report report published on Thursday,BayStreet.CA reports. The firm currently has C$17.50 price target on the stock, up from their previous price target of C$15.00.

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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.56.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$14.87 on Thursday. The firm has a 50-day moving average of C$13.56 and a 200-day moving average of C$13.01. The company has a market cap of C$2.26 billion, a P/E ratio of 27.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. Wesdome Gold Mines has a one year low of C$8.57 and a one year high of C$15.20.

Insider Buying and Selling

In related news, Director Anthea Ingrid Bath acquired 4,250 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill acquired 2,213 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$11.65 per share, with a total value of C$25,781.45. 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.