Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) shares passed above its 50 day moving average during trading on Monday following insider buying activity. The stock has a 50 day moving average of C$16.99 and traded as high as C$18.91. Wesdome Gold Mines shares last traded at C$18.86, with a volume of 141,893 shares.
Wall Street Analysts Forecast Growth
WDO has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Wesdome Gold Mines from C$17.00 to C$19.00 in a report on Friday, April 4th. Desjardins increased their target price on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. TD Securities upgraded Wesdome Gold Mines to a "hold" rating in a research note on Tuesday, February 4th. Finally, National Bankshares lifted their price objective on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on Wesdome Gold Mines
Wesdome Gold Mines Price Performance
The firm has a market capitalization of C$2.83 billion, a P/E ratio of 34.82 and a beta of 0.85. The stock's 50 day simple moving average is C$17.11 and its 200 day simple moving average is C$14.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.
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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