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Wesdome Gold Mines (TSE:WDO) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

Wesdome Gold Mines logo with Basic Materials background
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Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.66 and traded as high as C$14.34. Wesdome Gold Mines shares last traded at C$14.24, with a volume of 309,803 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WDO. Desjardins upgraded Wesdome Gold Mines from a "hold" rating to a "buy" rating and lifted their price target for the company from C$15.00 to C$17.50 in a research report on Thursday, February 13th. TD Securities upgraded shares of Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$15.56.

Check Out Our Latest Research Report on WDO

Wesdome Gold Mines Price Performance

The stock has a 50 day moving average of C$13.74 and a two-hundred day moving average of C$13.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. The stock has a market cap of C$2.21 billion, a PE ratio of 27.12 and a beta of 0.85.

About Wesdome Gold Mines

(Get Free Report)

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.

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