Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$12.53 and traded as high as C$12.96. Wesdome Gold Mines shares last traded at C$12.91, with a volume of 234,001 shares.
Wall Street Analysts Forecast Growth
Separately, Desjardins raised shares of Wesdome Gold Mines to a "hold" rating in a report on Thursday, October 31st. 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 company's stock. According to MarketBeat, Wesdome Gold Mines presently has an average rating of "Moderate Buy" and an average target price of C$15.29.
Read Our Latest Stock Analysis on Wesdome Gold Mines
Wesdome Gold Mines Stock Performance
The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The company's 50-day moving average is C$12.52 and its two-hundred day moving average is C$12.62. The stock has a market capitalization of C$1.93 billion, a P/E ratio of 49.65 and a beta of 0.85.
Insider Activity
In related news, Director Anthea Ingrid Bath purchased 4,250 shares of Wesdome Gold Mines stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of C$11.83 per share, with a total value of C$50,277.50. Also, Senior Officer Rajbir Gill acquired 2,213 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Corporate insiders own 0.17% of the company's stock.
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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