Wesdome Gold Mines Ltd (WDO) Sets New 1-Year Low at $1.93

Wesdome Gold Mines Ltd (TSE:WDO) reached a new 52-week low on Thursday . The stock traded as low as C$1.93 and last traded at C$1.93, with a volume of 169,425 shares. The stock had previously closed at C$1.98.

Several equities research analysts recently weighed in on WDO shares. Desjardins reaffirmed a “buy” rating and issued a C$3.15 price objective on shares of Wesdome Gold Mines in a report on Friday, September 29th. National Bank Financial reaffirmed an “outperform” rating and issued a C$4.00 price objective on shares of Wesdome Gold Mines in a report on Tuesday, October 3rd.

The firm has a 50 day moving average of $2.15 and a 200-day moving average of $2.71. The company has a market capitalization of $254.39 million and a price-to-earnings ratio of 25.00.

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

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About Wesdome Gold Mines

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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