Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as C$18.95 and last traded at C$18.58, with a volume of 505134 shares. The stock had previously closed at C$18.06.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on WDO shares. National Bankshares raised their price target on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Royal Bank of Canada upped their price target on Wesdome Gold Mines from C$17.00 to C$19.00 in a research note on Friday, April 4th. Desjardins boosted their target price 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. Finally, TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$16.50.
View Our Latest Stock Analysis on WDO
Wesdome Gold Mines Stock Down 0.9 %
The firm has a 50-day moving average price of C$15.78 and a two-hundred day moving average price of C$13.95. The company has a market capitalization of C$2.73 billion, a P/E ratio of 33.52 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30.
Insider Activity at Wesdome Gold Mines
In other Wesdome Gold Mines news, Senior Officer Rajbir Gill sold 7,884 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$16.26, for a total value of C$128,193.84. Corporate 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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