Wesdome Gold Mines (TSE:WDO - Free Report) had its price target raised by Royal Bank of Canada from C$19.00 to C$22.00 in a report released on Wednesday,BayStreet.CA reports.
Several other equities analysts have also recently issued reports on WDO. TD Securities upgraded Wesdome Gold Mines to a "hold" rating in a research note on Tuesday, February 4th. National Bankshares increased their target price on shares of Wesdome Gold Mines from C$26.75 to C$28.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Desjardins raised their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th.
Read Our Latest Stock Analysis on WDO
Wesdome Gold Mines Stock Up 0.6%
TSE WDO traded up C$0.12 on Wednesday, hitting C$19.64. 405,161 shares of the stock traded hands, compared to its average volume of 469,803. 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 stock has a 50-day moving average of C$17.46 and a 200 day moving average of C$15.20. Wesdome Gold Mines has a twelve month low of C$10.61 and a twelve month high of C$19.98. The company has a market capitalization of C$2.98 billion, a P/E ratio of 36.65 and a beta of 0.85.
Insider Activity at Wesdome Gold Mines
In other news, Senior Officer Kevin Lonergan sold 1,484 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of C$18.21, for a total transaction of C$27,023.64. Also, Senior Officer Rajbir Gill sold 7,884 shares of Wesdome Gold Mines stock in a transaction dated Friday, March 28th. The shares were 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
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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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