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
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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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