Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report)'s stock price reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at C$18.23.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Wesdome Gold Mines from C$19.00 to C$22.00 in a research note on Wednesday. National Bankshares upped their price target 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 increased their price objective on shares of 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. Finally, TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a research note on Tuesday, February 4th.
Check Out Our Latest Report on Wesdome Gold Mines
Wesdome Gold Mines Stock Down 0.4%
The stock has a market cap of C$2.92 billion, a P/E ratio of 35.92 and a beta of 0.85. The stock's 50-day moving average is C$17.31 and its 200-day moving average is C$15.07. 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 Transactions at Wesdome Gold Mines
In related news, Senior Officer Rajbir Gill sold 7,884 shares of Wesdome Gold Mines stock in a transaction 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 business's stock in a transaction 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. Company 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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