Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$16.71 and last traded at C$16.61, with a volume of 61985 shares changing hands. The stock had previously closed at C$15.97.
Analyst Upgrades and Downgrades
WDO has been the subject of several research reports. TD Securities raised Wesdome Gold Mines to a "hold" rating in a research note on Tuesday, February 4th. Desjardins upped their price objective on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. 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 report on Wednesday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$16.19.
View Our Latest Stock Report on Wesdome Gold Mines
Wesdome Gold Mines Price Performance
The stock has a market capitalization of C$2.56 billion, a price-to-earnings ratio of 31.43 and a beta of 0.85. 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 stock has a 50-day simple moving average of C$14.81 and a 200 day simple moving average of C$13.45.
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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