Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$16.57 and traded as high as C$17.15. Wesdome Gold Mines shares last traded at C$16.78, with a volume of 334,354 shares.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Royal Bank of Canada increased their price objective on Wesdome Gold Mines from C$17.00 to C$19.00 in a research note on Friday, April 4th. Desjardins raised their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th. Finally, National Bankshares lifted their target price on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$17.06.
Check Out Our Latest Analysis on WDO
Wesdome Gold Mines Trading Up 1.2%
The business has a fifty day moving average price of C$16.71 and a 200 day moving average price of C$14.52. The company has a market capitalization of C$2.55 billion, a PE ratio of 31.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.
Insider Transactions at Wesdome Gold Mines
In related news, Senior Officer Rajbir Gill sold 7,884 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$16.26, for a total transaction of C$128,193.84. 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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