Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) Senior Officer Rajbir Gill sold 7,884 shares of Wesdome Gold Mines stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$16.26, for a total transaction of C$128,193.84.
Wesdome Gold Mines Price Performance
TSE:WDO traded down C$0.89 during mid-day trading on Friday, reaching C$15.65. 871,180 shares of the stock were exchanged, compared to its average volume of 423,414. Wesdome Gold Mines Ltd. has a 1-year low of C$9.89 and a 1-year high of C$17.24. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of C$2.38 billion, a PE ratio of 29.21 and a beta of 0.85. The business has a fifty day moving average price of C$15.07 and a 200 day moving average price of C$13.55.
Analysts Set New Price Targets
WDO has been the subject of several recent research reports. National Bankshares upped their price target on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Royal Bank of Canada raised their price target on shares of Wesdome Gold Mines from C$17.00 to C$19.00 in a research note on Friday. TD Securities upgraded Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th. Finally, 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 report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$16.50.
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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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