Desjardins Forecasts Strong Price Appreciation for Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines (TSE:WDO) had its target price boosted by Desjardins from C$17.50 to C$18.00 in a research note published on Thursday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Separately, TD Securities upgraded 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, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wesdome Gold Mines has a consensus rating of “Moderate Buy” and an average price target of C$15.63.

Wesdome Gold Mines Trading Down 2.0 %

Wesdome Gold Mines stock opened at C$15.80 on Thursday. The stock has a market cap of C$2.40 billion, a PE ratio of 29.49 and a beta of 0.85. The stock has a 50-day moving average price of C$14.44 and a 200 day moving average price of C$13.29. Wesdome Gold Mines has a 52 week low of C$9.49 and a 52 week high of C$16.27. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.

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.