Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report) Senior Officer Rajbir Gill sold 7,884 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$16.26, for a total transaction of C$128,193.84.
Wesdome Gold Mines Stock Performance
Wesdome Gold Mines stock opened at C$17.14 on Tuesday. Wesdome Gold Mines Ltd. has a fifty-two week low of C$9.89 and a fifty-two week high of C$17.22. The firm’s fifty day moving average price is C$14.88 and its 200-day moving average price is C$13.50. The stock has a market cap of C$2.60 billion, a P/E ratio of 31.99 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.
Analysts Set New Price Targets
Several research analysts have commented on WDO shares. TD Securities raised shares of Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Desjardins increased their price objective on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, National Bankshares boosted their target price on Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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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