Wesdome Gold Mines (TSE:WDO) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Wesdome Gold Mines Ltd. (TSE:WDO)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$12.53 and traded as high as C$12.96. Wesdome Gold Mines shares last traded at C$12.91, with a volume of 234,001 shares traded.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$15.29.

Wesdome Gold Mines Trading Up 2.1 %

The firm has a market cap of C$1.93 billion, a PE ratio of 49.65 and a beta of 0.85. The firm has a fifty day simple moving average of C$12.53 and a two-hundred day simple moving average of C$12.61. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44.

Insider Activity at Wesdome Gold Mines

In related news, Senior Officer Rajbir Gill purchased 2,213 shares of Wesdome Gold Mines stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$11.65 per share, for a total transaction of C$25,781.45. Also, Director Anthea Ingrid Bath acquired 4,250 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average price of C$11.83 per share, with a total value of C$50,277.50. 0.17% of the stock is owned by corporate insiders.

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.