Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Frederic Mercier-Langevin Sells 5,000 Shares

Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$13.46, for a total value of C$67,300.00.

Wesdome Gold Mines Price Performance

TSE WDO opened at C$13.37 on Monday. The firm’s fifty day simple moving average is C$12.59 and its two-hundred day simple moving average is C$11.11. The firm has a market capitalization of C$2.00 billion, a P/E ratio of 51.42 and a beta of 0.75. 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 Ltd. has a 12-month low of C$6.84 and a 12-month high of C$14.99.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WDO. National Bankshares upped their price objective on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. CIBC increased their price objective on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on shares of Wesdome Gold Mines from C$11.75 to C$14.00 in a research note on Tuesday, July 23rd. Eight Capital increased their target price on Wesdome Gold Mines from C$15.00 to C$16.00 in a research report on Thursday, August 15th. Finally, TD Securities reduced their price target on Wesdome Gold Mines from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wesdome Gold Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.08.

Wesdome Gold Mines Company Profile

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.