Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Rajbir Gill Sells 7,884 Shares

Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Rajbir Gill sold 7,884 shares of the business’s stock in a transaction 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 Price Performance

TSE:WDO traded up C$0.26 during trading hours on Monday, hitting C$17.10. 178,349 shares of the stock traded hands, compared to its average volume of 398,547. The stock has a 50 day moving average price of C$14.81 and a 200 day moving average price of C$13.46. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The company has a market cap of C$2.60 billion, a price-to-earnings ratio of 31.91 and a beta of 0.85. Wesdome Gold Mines Ltd. has a 1 year low of C$9.89 and a 1 year high of C$17.17.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Securities raised Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins raised their price objective on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Finally, National Bankshares upped their target price on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.