Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$20.01 and last traded at C$19.92, with a volume of 215341 shares changing hands. The stock had previously closed at C$19.43.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on WDO shares. Royal Bank of Canada raised their price objective on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday, June 4th. National Bankshares increased their target price on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Desjardins lifted their price target 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.
Read Our Latest Research Report on Wesdome Gold Mines
Wesdome Gold Mines Stock Up 0.6%
The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The firm has a market cap of C$3.02 billion, a price-to-earnings ratio of 37.12 and a beta of 0.85. The firm's 50 day simple moving average is C$17.74 and its two-hundred day simple moving average is C$15.41.
Insider Transactions at Wesdome Gold Mines
In related news, Senior Officer Kevin Lonergan sold 1,484 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of C$18.21, for a total value of C$27,023.64. Also, Senior Officer Rajbir Gill sold 7,884 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$16.26, for a total transaction of C$128,193.84. Insiders own 0.17% of the company's stock.
Wesdome Gold Mines Company Profile
(
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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