Desjardins upgraded shares of Wesdome Gold Mines (TSE:WDO – Free Report) to a hold rating in a research note published on Thursday, Zacks.com reports.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets increased their target price on Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Canaccord Genuity Group increased their target price on Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Eight Capital increased their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th. Ventum Financial increased their target price on Wesdome Gold Mines from C$12.05 to C$15.00 in a research report on Thursday, August 29th. Finally, CIBC increased their target price on Wesdome Gold Mines from C$14.00 to C$14.50 in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wesdome Gold Mines currently has a consensus rating of “Moderate Buy” and an average price target of C$15.29.
Wesdome Gold Mines Price Performance
Wesdome Gold Mines (TSE:WDO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.05. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. The business had revenue of C$127.80 million during the quarter. Analysts anticipate that Wesdome Gold Mines will post 1.293456 earnings per share for the current year.
Insider Buying and Selling
In related news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total value of C$38,905.00. In other Wesdome Gold Mines news, Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$12.55, for a total transaction of C$38,905.00. Also, Senior Officer Rajbir Gill sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$12.47, for a total value of C$43,645.00. Over the last quarter, insiders have sold 17,991 shares of company stock worth $235,103. Corporate 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.
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