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Kevin Lonergan Sells 1,484 Shares of Wesdome Gold Mines Ltd. (TSE:WDO) Stock

Wesdome Gold Mines logo with Basic Materials background

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) Senior Officer Kevin Lonergan sold 1,484 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$18.21, for a total value of C$27,023.64.

Wesdome Gold Mines Price Performance

Shares of TSE WDO traded down C$0.22 during mid-day trading on Tuesday, reaching C$18.64. The company had a trading volume of 552,985 shares, compared to its average volume of 455,000. The company has a 50-day moving average price of C$16.99 and a two-hundred day moving average price of C$14.77. The stock has a market cap of C$2.83 billion, a PE ratio of 34.79 and a beta of 0.85. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines Ltd. has a 1-year low of C$10.61 and a 1-year high of C$18.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WDO shares. National Bankshares increased their price target on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank of Canada raised their target price on Wesdome Gold Mines from C$17.00 to C$19.00 in a research note on Friday, April 4th. Desjardins lifted their target price on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a report on Tuesday, February 4th. One research analyst has 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 company has a consensus rating of "Buy" and a consensus target price of C$17.81.

Check Out Our Latest Stock Analysis on WDO

About Wesdome Gold Mines

(Get Free Report)

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.

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