Wesdome Gold Mines (TSE:WDO) Given New C$18.00 Price Target at Desjardins

Wesdome Gold Mines (TSE:WDO) had its price objective hoisted by Desjardins from C$17.50 to C$18.00 in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities raised Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$15.63.

Wesdome Gold Mines Price Performance

Shares of TSE WDO opened at C$15.80 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The stock has a fifty day moving average price of C$14.44 and a 200 day moving average price of C$13.29. Wesdome Gold Mines has a 1-year low of C$9.49 and a 1-year high of C$16.27. The company has a market cap of C$2.40 billion, a PE ratio of 29.49 and a beta of 0.85.

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.