Wesdome Gold Mines (TSE:WDO) Stock Price Passes Above 50 Day Moving Average of $12.30

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.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.07 by C$0.01. The business had revenue of C$57.33 million for the quarter. As a group, research analysts anticipate that Wesdome Gold Mines Ltd will post 0.7405362 EPS for the current fiscal year.

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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