Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a 50 day moving average of C$18.35 and traded as high as C$18.79. Wesdome Gold Mines shares last traded at C$18.75, with a volume of 1,461,341 shares.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on Wesdome Gold Mines from C$19.00 to C$22.00 in a research note on Wednesday, June 4th. National Bankshares upped their target price on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Desjardins upped 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 report on Thursday, March 20th. Finally, Stifel Canada upgraded Wesdome Gold Mines to a "strong-buy" rating in a research report on Tuesday.
Check Out Our Latest Stock Report on WDO
Wesdome Gold Mines Price Performance
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 company has a market cap of C$2.73 billion, a price-to-earnings ratio of 33.57 and a beta of 0.85. The business has a fifty day moving average price of C$18.44 and a 200 day moving average price of C$16.18.
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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