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 stock was sold at an average price of C$16.26, for a total transaction of C$128,193.84.
Wesdome Gold Mines Stock Performance
Shares of TSE:WDO opened at C$16.46 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. Wesdome Gold Mines Ltd. has a 1 year low of C$9.89 and a 1 year high of C$17.24. The firm has a market capitalization of C$2.50 billion, a PE ratio of 30.72 and a beta of 0.85. The business’s 50 day moving average price is C$15.02 and its 200-day moving average price is C$13.53.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. National Bankshares raised their price target on shares of 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 raised Wesdome Gold Mines to a “hold” rating in a report on Tuesday, February 4th. Finally, Desjardins raised their price objective on 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$16.19.
Wesdome Gold Mines Company Profile
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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