Clarus Securities Reaffirms Speculative Buy Rating for Wesdome Gold Mines Ltd. (WDO)
Wesdome Gold Mines Ltd. (TSE:WDO)‘s stock had its “speculative buy” rating reiterated by analysts at Clarus Securities in a research report issued to clients and investors on Thursday.
A number of other brokerages also recently commented on WDO. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a research note on Monday, July 18th. National Bank Financial lifted their target price on Wesdome Gold Mines from C$2.60 to C$2.80 in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$2.26.
Shares of Wesdome Gold Mines (TSE:WDO) traded up 0.83% during midday trading on Thursday, reaching $2.42. The company’s stock had a trading volume of 61,125 shares. The stock’s market capitalization is $314.34 million. Wesdome Gold Mines has a 12 month low of $0.96 and a 12 month high of $2.90. The stock’s 50 day moving average is $2.59 and its 200 day moving average is $1.96.
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In other news, Director Barry George Smith sold 205,000 shares of Wesdome Gold Mines stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of C$2.61, for a total transaction of C$535,050.00.
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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