Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$12.97 and traded as high as C$14.21. Wesdome Gold Mines shares last traded at C$14.18, with a volume of 314,340 shares.
Wall Street Analysts Forecast Growth
Separately, Desjardins upgraded shares of Wesdome Gold Mines to a "hold" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wesdome Gold Mines has an average rating of "Moderate Buy" and an average price target of C$15.29.
Read Our Latest Analysis on Wesdome Gold Mines
Wesdome Gold Mines Trading Up 3.2 %
The firm has a market cap of C$2.12 billion, a P/E ratio of 54.54 and a beta of 0.85. The stock has a 50 day simple moving average of C$12.97 and a 200-day simple moving average of C$12.88. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44.
Wesdome Gold Mines (TSE:WDO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.12. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. On average, equities research analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Anthea Ingrid Bath bought 4,250 shares of Wesdome Gold Mines stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of C$11.83 per share, with a total value of C$50,277.50. Also, Senior Officer Rajbir Gill purchased 2,213 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of C$11.65 per share, with a total value of C$25,781.45. 0.17% of the stock is currently owned by company insiders.
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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