Wesdome Gold Mines Ltd (WDO) Trading Down 3.9%

Shares of Wesdome Gold Mines Ltd (TSE:WDO) fell 3.9% on Thursday . The company traded as low as C$1.99 and last traded at C$1.99. 1,025,372 shares were traded during trading, an increase of 132% from the average session volume of 442,848 shares. The stock had previously closed at C$2.07.

A number of research firms have weighed in on WDO. Desjardins restated a “buy” rating and set a C$3.15 price objective on shares of Wesdome Gold Mines in a research note on Friday, September 29th. National Bank Financial restated an “outperform” rating and set a C$4.00 price objective on shares of Wesdome Gold Mines in a research note on Tuesday, October 3rd.

The stock has a market capitalization of $266.44 million and a price-to-earnings ratio of 26.18. The firm’s 50 day moving average price is $2.24 and its 200-day moving average price is $2.85.

In other news, insider Benoit Laplante sold 34,800 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of C$2.22, for a total transaction of C$77,256.00.

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Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant.

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