Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$19.37 and last traded at C$19.11, with a volume of 463389 shares traded. The stock had previously closed at C$18.23.
Analysts Set New Price Targets
A number of analysts have recently issued reports on WDO shares. Desjardins boosted their price objective on 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. National Bankshares boosted their price target on shares of Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Royal Bank of Canada lifted their target price on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday.
Get Our Latest Report on Wesdome Gold Mines
Wesdome Gold Mines Trading Up 0.6%
The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of 36.65 and a beta of 0.85. The company's 50-day moving average is C$17.40 and its 200-day moving average is C$15.15.
Insiders Place Their Bets
In related news, Senior Officer Rajbir Gill sold 7,884 shares of the 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 transaction of C$128,193.84. Also, Senior Officer Kevin Lonergan sold 1,484 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was 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.
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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