Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report)'s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$12.58 and traded as low as C$11.00. Wesdome Gold Mines shares last traded at C$11.08, with a volume of 477,715 shares.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Ventum Financial boosted their price objective on Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Desjardins raised shares of Wesdome Gold Mines to a "hold" rating in a research note on Thursday, October 31st. BMO Capital Markets increased their target price on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. Canaccord Genuity Group lifted their price target on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares increased their price objective on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the company an "outperform" rating in a research report on Tuesday, August 20th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$15.29.
Read Our Latest Stock Analysis on WDO
Wesdome Gold Mines Price Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The company has a market cap of C$1.66 billion, a PE ratio of 42.62 and a beta of 0.85. The stock has a fifty day moving average price of C$12.56 and a 200-day moving average price of C$12.22.
Wesdome Gold Mines (TSE:WDO - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.05. The company had revenue of C$127.80 million for the quarter. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. On average, equities analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.
Insider Activity at Wesdome Gold Mines
In other news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total transaction of C$66,850.00. Also, Senior Officer Rajbir Gill sold 3,500 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$12.47, for a total transaction of C$43,645.00. Over the last 90 days, insiders sold 17,991 shares of company stock valued at $235,103. Insiders own 0.17% of the company's stock.
Wesdome Gold Mines Company Profile
(
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.
Featured Articles
Before you consider Wesdome Gold Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wesdome Gold Mines wasn't on the list.
While Wesdome Gold Mines currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
