Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report) Senior Officer Rajbir Gill sold 7,884 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$16.26, for a total value of C$128,193.84.
Wesdome Gold Mines Price Performance
Shares of WDO opened at C$16.69 on Wednesday. The business’s 50-day moving average is C$14.96 and its 200-day moving average is C$13.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The company has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 31.15 and a beta of 0.85. Wesdome Gold Mines Ltd. has a fifty-two week low of C$9.89 and a fifty-two week high of C$17.24.
Analysts Set New Price Targets
A number of research firms recently weighed in on WDO. National Bankshares increased their price target on Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Finally, Desjardins boosted their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.19.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.
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