Wesdome Gold Mines (WDO) Trading Down 4.8%
Wesdome Gold Mines Ltd (TSE:WDO)’s share price fell 4.8% on Tuesday . The stock traded as low as C$4.57 and last traded at C$4.58. 101,976 shares were traded during trading, a decline of 83% from the average session volume of 611,281 shares. The stock had previously closed at C$4.81.
Several research firms have weighed in on WDO. Eight Capital cut shares of Wesdome Gold Mines from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Clarus Securities cut shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. BMO Capital Markets lifted their price objective on shares of Wesdome Gold Mines from C$4.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Pi Financial lifted their price objective on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a research report on Monday, March 25th. Finally, Canaccord Genuity lowered their price objective on shares of Wesdome Gold Mines from C$6.00 to C$5.50 in a research report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Wesdome Gold Mines presently has a consensus rating of “Buy” and an average price target of C$5.10.
The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 6.46. The firm has a market cap of $649.26 million and a P/E ratio of 30.94.
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Wesdome Gold Mines Company Profile (TSE:WDO)
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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