Wesdome Gold Mines Ltd (TSE:WDO) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.30 and traded as high as $13.91. Wesdome Gold Mines shares last traded at $13.71, with a volume of 276,047 shares.
Several research analysts have recently weighed in on WDO shares. National Bank Financial boosted their price target on shares of Wesdome Gold Mines from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Laurentian Bank of Canada lowered shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and cut their price target for the stock from C$12.60 to C$12.20 in a research note on Thursday, May 28th. Canaccord Genuity boosted their price target on shares of Wesdome Gold Mines from C$14.00 to C$15.50 in a research note on Tuesday, July 21st. Pi Financial upped their target price on shares of Wesdome Gold Mines from C$10.30 to C$12.75 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, Eight Capital increased their price target on shares of Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Monday, July 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Wesdome Gold Mines has an average rating of “Hold” and a consensus price target of C$13.38.
The company has a debt-to-equity ratio of 4.92, a quick ratio of 1.88 and a current ratio of 2.35. The company has a market capitalization of $1.90 billion and a PE ratio of 44.23. The firm has a fifty day simple moving average of C$12.30 and a 200-day simple moving average of C$10.33.
In other Wesdome Gold Mines news, Senior Officer Lindsay Jean Maria Carpenter sold 50,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of C$11.00, for a total value of C$550,000.00. Following the transaction, the insider now directly owns 12,695 shares of the company’s stock, valued at approximately C$139,645.
Wesdome Gold Mines Company Profile (TSE:WDO)
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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