Wesdome Gold Mines (TSE:WDO) Upgraded by TD Securities to “Hold” Rating

Wesdome Gold Mines (TSE:WDO) was upgraded by equities researchers at TD Securities to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Desjardins raised shares of Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$15.29.

Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock opened at C$14.59 on Tuesday. Wesdome Gold Mines has a 52 week low of C$8.57 and a 52 week high of C$15.10. The company has a market capitalization of C$2.18 billion, a PE ratio of 56.12 and a beta of 0.85. The stock’s fifty day moving average is C$13.30 and its two-hundred day moving average is C$12.94. 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 data on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.12. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. As a group, analysts expect that Wesdome Gold Mines will post 1.293456 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Rajbir Gill bought 2,213 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of C$11.65 per share, with a total value of C$25,781.45. Also, Director Anthea Ingrid Bath bought 4,250 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of C$11.83 per share, with a total value of C$50,277.50. 0.17% of the stock is currently owned by insiders.

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.