TD Securities Upgrades Wesdome Gold Mines (TSE:WDO) to “Hold”

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

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

Wesdome Gold Mines Stock Performance

Shares of TSE WDO opened at C$14.59 on Tuesday. The firm has a market cap of C$2.18 billion, a price-to-earnings ratio of 56.12 and a beta of 0.85. Wesdome Gold Mines has a one year low of C$8.57 and a one year high of C$15.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The stock’s fifty day moving average price is C$13.30 and its two-hundred day moving average price is C$12.94.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.12. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. On average, equities analysts forecast that Wesdome Gold Mines will post 1.293456 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anthea Ingrid Bath bought 4,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was bought 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 company’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. Insiders own 0.17% of the company’s stock.

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.