Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$18.10 and last traded at C$17.80, with a volume of 273375 shares. The stock had previously closed at C$16.69.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. National Bankshares boosted their price target on Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. 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. TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their target price on Wesdome Gold Mines from C$17.00 to C$19.00 in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Wesdome Gold Mines has an average rating of "Moderate Buy" and a consensus price target of C$16.50.
Read Our Latest Stock Report on WDO
Wesdome Gold Mines Stock Performance
The company has a fifty day moving average price of C$15.51 and a two-hundred day moving average price of C$13.79. The firm has a market cap of C$2.81 billion, a price-to-earnings ratio of 34.53 and a beta of 0.85. 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
In related news, Senior Officer Rajbir Gill sold 7,884 shares of the firm's 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. 0.17% of the stock is currently owned by company insiders.
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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