Rajbir Gill Sells Shares of Wesdome Gold Mines Ltd.

Rajbir Gill, a Senior Officer at Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report), recently completed a sale of 7,884 shares of the company's stock. This transaction took place on Friday, March 28th, and the shares were sold at an average price of C$16.26. The total value of the shares sold amounted to C$128,193.84.

Wesdome Gold Mines Trading Update

Following the sale, Wesdome Gold Mines stock experienced a boost, trading up by C$0.26 during Monday's session, reaching a price of C$17.10. The trading volume for the day was 178,349 shares, which is notably lower than the average volume of 398,547 shares. The company's fifty-day simple moving average stands at C$14.81, while the 200-day simple moving average is C$13.46. Currently, Wesdome Gold Mines has observed a 52-week low of C$9.89 and a high of C$17.17. The market capitalization of the company is approximately C$2.60 billion, with a PE ratio of 31.91 and a beta of 0.85. Additionally, it has a debt-to-equity ratio of 0.30, a current ratio of 2.14, and a quick ratio of 0.37.

Recent Analyst Ratings

Recent reports on Wesdome Gold Mines have included various analyst ratings. TD Securities upgraded the stock to a "hold" rating in a report issued on February 4th. Additionally, National Bankshares increased their target price from C$19.75 to C$22.00 while assigning an "outperform" rating on March 26th. Moreover, Desjardins raised their price target from C$17.50 to C$18.00 and maintained a "buy" rating on March 20th. Overall, two analysts have rated the stock as a hold, three have assigned a buy rating, and one analyst has given a strong buy rating. As per MarketBeat's data, Wesdome Gold Mines currently holds a consensus rating of "Moderate Buy" with an average target price of C$16.19.

About Wesdome Gold Mines

(Get Free Report) Wesdome Gold Mines Ltd is actively involved in gold production and mining-related activities, including exploration and reclamation. The company operates the Eagle River Complex located near Wawa, Ontario, comprising the Eagle River Underground and Mishi Open Pit gold mines. Revenue is primarily generated from the sales of gold and silver bullion within Canada.

Additional Insights

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