Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$17.52 and traded as high as C$19.81. Wesdome Gold Mines shares last traded at C$19.42, with a volume of 372,954 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on WDO. Desjardins boosted their price objective on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Royal Bank of Canada boosted their price objective on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a report on Wednesday, June 4th. Finally, National Bankshares boosted their price objective on shares of Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd.
Read Our Latest Report on Wesdome Gold Mines
Wesdome Gold Mines Price Performance
The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The company has a market capitalization of C$3.00 billion, a PE ratio of 36.90 and a beta of 0.85. The stock's 50 day simple moving average is C$17.66 and its 200-day simple moving average is C$15.36.
Insiders Place Their Bets
In other news, Senior Officer Kevin Lonergan sold 1,484 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of C$18.21, for a total transaction of C$27,023.64. Also, Senior Officer Rajbir Gill sold 7,884 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$16.26, for a total value of C$128,193.84. 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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