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 research note released on Wednesday morning,BayStreet.CA reports.
Several other research firms have also issued reports on WDO. Desjardins upped 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. National Bankshares upped their target price on 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, TD Securities upgraded Wesdome Gold Mines to a "hold" rating in a report on Tuesday, February 4th.
Read Our Latest Report on Wesdome Gold Mines
Wesdome Gold Mines Stock Up 1.4%
Shares of Wesdome Gold Mines stock traded up C$0.27 during trading on Wednesday, reaching C$19.52. The stock had a trading volume of 828,191 shares, compared to its average volume of 470,402. The company has a market capitalization of C$2.96 billion, a price-to-earnings ratio of 36.43 and a beta of 0.85. The stock has a fifty day moving average price of C$17.35 and a two-hundred day moving average price of C$15.09. Wesdome Gold Mines has a 52 week low of C$10.61 and a 52 week high of C$19.79. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.
Insider Buying and Selling at Wesdome Gold Mines
In other Wesdome Gold Mines news, Senior Officer Rajbir Gill sold 7,884 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$16.26, for a total value of C$128,193.84. Also, Senior Officer Kevin Lonergan sold 1,484 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$18.21, for a total value of C$27,023.64. Corporate insiders own 0.17% of the company's stock.
About Wesdome Gold Mines
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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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