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Wesdome Gold Mines (TSE:WDO) Reaches New 1-Year High - What's Next?

Wesdome Gold Mines logo with Basic Materials background

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$18.95 and last traded at C$18.93, with a volume of 166771 shares traded. The stock had previously closed at C$18.64.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WDO. Royal Bank of Canada lifted their target price on shares of Wesdome Gold Mines from C$17.00 to C$19.00 in a report on Friday, April 4th. TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th. Desjardins boosted 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. Finally, National Bankshares boosted their price objective on shares of 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.

Get Our Latest Report on Wesdome Gold Mines

Wesdome Gold Mines Stock Performance

The firm has a market cap of C$2.81 billion, a price-to-earnings ratio of 34.58 and a beta of 0.85. The stock's 50 day moving average is C$17.20 and its 200 day moving average is C$14.93. 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 related news, Senior Officer Rajbir Gill sold 7,884 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were 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 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 transaction of C$27,023.64. 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.

See Also

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