Wesdome Gold Mines (TSE:WDO) Stock Gets Price Target Cut from Desjardins

Wesdome Gold Mines (TSE:WDO) had its price target decreased by Desjardins from C$42.00 to C$41.00 in a research note released on Thursday,BayStreet reports. Desjardins currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets downgraded Wesdome Gold Mines from an “outperform” rating to a “hold” rating and increased their price target for the company from C$30.00 to C$34.00 in a research report on Wednesday, August 19th. Canadian Imperial Bank of Commerce raised their target price on Wesdome Gold Mines from C$32.00 to C$35.00 in a research report on Friday, August 21st. National Bank Financial lifted their target price on Wesdome Gold Mines from C$34.50 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Stifel Nicolaus downgraded shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and set a C$34.00 price target on the stock. in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Wesdome Gold Mines presently has a consensus rating of “Moderate Buy” and an average price target of C$34.50.

Wesdome Gold Mines Trading Down 3.0%

Shares of WDO stock opened at C$28.00 on Thursday. Wesdome Gold Mines has a 52-week low of C$19.48 and a 52-week high of C$37.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.37 and a current ratio of 6.90. The company has a 50-day simple moving average of C$33.71 and a two-hundred day simple moving average of C$29.37. The company has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 10.11 and a beta of 1.32.

Wesdome Gold Mines (TSE:WDO) last posted its earnings results on Thursday, August 13th. The company reported C$0.65 EPS for the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%. The firm had revenue of C$266.76 million for the quarter. Research analysts anticipate that Wesdome Gold Mines will post 1.29 EPS for the current fiscal year.

Wesdome Gold Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.0306 per share. This represents a $0.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 15th.

Insider Transactions at Wesdome Gold Mines

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath sold 66,961 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$31.15, for a total value of C$2,085,835.15. Following the sale, the director directly owned 130,128 shares in the company, valued at C$4,053,487.20. The trade was a 33.98% decrease in their ownership of the stock. 0.17% of the stock is owned by corporate insiders.

Wesdome Gold Mines Company Profile

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.