Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock 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.
Analysts Set New Price Targets
WDO has been the topic of several analyst reports. National Bankshares lifted 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 research report on Thursday, May 22nd. Desjardins boosted their price objective on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Royal Bank of Canada boosted their price objective on shares of Wesdome Gold Mines from C$17.00 to C$19.00 in a research report on Friday, April 4th. Finally, TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th.
Read Our Latest Report on WDO
Wesdome Gold Mines Price Performance
The firm has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 35.66 and a beta of 0.85. The stock's 50 day moving average price is C$17.20 and its two-hundred day moving average price is C$14.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37.
Insider Activity at Wesdome Gold Mines
In other Wesdome Gold Mines 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 value of C$27,023.64. Also, Senior Officer Rajbir Gill sold 7,884 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$16.26, for a total transaction of C$128,193.84. Corporate insiders own 0.17% of the company's stock.
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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