Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$17.73 and traded as low as C$16.87. Wesdome Gold Mines shares last traded at C$17.19, with a volume of 506,356 shares traded.
Analyst Upgrades and Downgrades
WDO has been the topic of several research analyst reports. National Bankshares boosted their target price on 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. Stifel Canada downgraded shares of Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Royal Bank Of Canada upped their price objective on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a report on Wednesday, June 4th. Stifel Nicolaus downgraded shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and cut their price objective for the company from C$24.00 to C$20.50 in a report on Friday, August 15th. Finally, Canaccord Genuity Group raised shares of Wesdome Gold Mines from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$22.13.
View Our Latest Analysis on Wesdome Gold Mines
Wesdome Gold Mines Trading Up 2.2%
The stock has a 50-day moving average of C$17.60 and a 200 day moving average of C$17.15. The stock has a market cap of C$2.75 billion, a PE ratio of 11.39 and a beta of 0.33. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30.
Insiders Place Their Bets
In other news, Senior Officer Robert Kristian Fitzgerald Kallio sold 3,348 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of C$19.27, for a total value of C$64,515.96. Also, Senior Officer Rajbir Gill sold 10,822 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of C$18.56, for a total transaction of C$200,856.32. Insiders sold 28,343 shares of company stock worth $529,274 in the last quarter. Company 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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