Wesdome Gold Mines (WDO) Trading Down 3.1% – Fairfield Current

Wesdome Gold Mines (WDO) Trading Down 3.1% Fairfield CurrentShares of Wesdome Gold Mines Ltd (TSE:WDO) were down 3.1% during trading on Thursday . The stock traded as low as C$4.57 and last traded at C$4.63. […]

Shares of Wesdome Gold Mines Ltd (TSE:WDO) were down 3.1% during trading on Thursday . The stock traded as low as C$4.57 and last traded at C$4.63. Approximately 875,837 shares were traded during trading, an increase of 24% from the average daily volume of 706,416 shares. The stock had previously closed at C$4.78.

Several equities analysts have recently issued reports on WDO shares. National Bank Financial upped their price target on Wesdome Gold Mines from C$4.50 to C$4.75 and gave the company an “outperform” rating in a research note on Thursday, December 13th. Industrial Alliance Securities upped their price target on Wesdome Gold Mines from C$5.50 to C$6.20 and gave the company a “strong-buy” rating in a research note on Monday, January 7th. Clarus Securities lowered Wesdome Gold Mines from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Eight Capital lowered Wesdome Gold Mines from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Finally, BMO Capital Markets upped their price target on Wesdome Gold Mines from C$4.75 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$4.95.

The company has a quick ratio of 1.23, a current ratio of 1.56 and a debt-to-equity ratio of 5.51. The company has a market cap of $653.11 million and a PE ratio of 52.99.

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About Wesdome Gold Mines (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 dore 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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