Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.56 and traded as high as C$13.31. Wesdome Gold Mines shares last traded at C$13.29, with a volume of 201,228 shares changing hands.
Wall Street Analyst Weigh In
Separately, Desjardins upgraded shares of Wesdome Gold Mines to a "hold" rating in a research report on Thursday, October 31st. Two research 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 stock. According to data from MarketBeat, Wesdome Gold Mines presently has an average rating of "Moderate Buy" and an average price target of C$15.29.
Read Our Latest Research Report on Wesdome Gold Mines
Wesdome Gold Mines Stock Performance
The firm has a market cap of C$2.01 billion, a PE ratio of 51.81 and a beta of 0.85. The company has a 50 day simple moving average of C$12.57 and a 200-day simple moving average of C$12.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37.
Insider Transactions at Wesdome Gold Mines
In other Wesdome Gold Mines news, Director Anthea Ingrid Bath bought 4,250 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill acquired 2,213 shares of Wesdome Gold Mines stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$11.65 per share, for a total transaction of C$25,781.45. Company 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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