Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday following insider buying activity. 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.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. National Bankshares increased 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. Desjardins increased their price objective on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Royal Bank Of Canada boosted their target price on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday, June 4th.
Check Out Our Latest Stock Analysis on WDO
Wesdome Gold Mines Trading Up 2.2%
The company has a market cap of C$2.85 billion, a price-to-earnings ratio of 34.99 and a beta of 0.85. The business's fifty day moving average price is C$18.35 and its 200 day moving average price is C$16.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37.
Wesdome Gold Mines Company Profile
(
Get Free Report)
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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