Wesdome Gold Mines Stock Today
| WDO Stock | CAD 10.62 0.34 3.31% |
Performance14 of 100
| Odds Of DistressLess than 8
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Wesdome Gold is selling at 10.62 as of the 24th of April 2024; that is 3.31 percent up since the beginning of the trading day. The stock's open price was 10.28. Wesdome Gold has only a 8 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Equity ratings for Wesdome Gold Mines are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. Wesdome Gold Mines Ltd. was founded in 1976 and is headquartered in Toronto, Canada. WESDOME GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. The company has 149.17 M outstanding shares of which 2.13 M shares are at this time shorted by private and institutional investors with about 2.45 days to cover all short positions. More on Wesdome Gold Mines
Moving together with Wesdome Stock
| 0.79 | OSI | Osino Resources Corp | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Wesdome Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Wesdome Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Wesdome Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Duncan Middlemiss | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
Wesdome Gold's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Wesdome Gold's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Wesdome Gold's financial leverage. It provides some insight into what part of Wesdome Gold's total assets is financed by creditors.
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Wesdome Gold Mines (WDO) is traded on Toronto Exchange in Canada and employs 31 people. Wesdome Gold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.53 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Wesdome Gold's market, we take the total number of its shares issued and multiply it by Wesdome Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Wesdome Gold Mines operates under Metals & Mining sector and is part of Materials industry. The entity has 149.17 M outstanding shares of which 2.13 M shares are at this time shorted by private and institutional investors with about 2.45 days to cover all short positions.
Wesdome Gold Mines has accumulated about 33.19 M in cash with 101.35 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53.
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Ownership AllocationWesdome Gold Mines retains a total of 149.17 Million outstanding shares. 30% of Wesdome Gold outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Wesdome Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Wesdome Gold jumping above the current price in 90 days from now is about 11.59%. The Wesdome Gold Mines probability density function shows the probability of Wesdome Gold stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.1776. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Wesdome Gold will likely underperform. Additionally, wesdome Gold Mines has an alpha of 0.3989, implying that it can generate a 0.4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Wesdome Gold to move above the current price in 90 days from now is about 11.59 (This Wesdome Gold Mines probability density function shows the probability of Wesdome Stock to fall within a particular range of prices over 90 days) .
Wesdome Gold Mines Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Wesdome Gold market risk premium is the additional return an investor will receive from holding Wesdome Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Wesdome Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Wesdome Gold's alpha and beta are two of the key measurements used to evaluate Wesdome Gold's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.09 | |||
| Semi Deviation | 2.24 | |||
| Standard Deviation | 2.76 | |||
| Variance | 7.64 |
Wesdome Stock Against Markets
Picking the right benchmark for Wesdome Gold stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Wesdome Gold stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Wesdome Gold is critical whether you are bullish or bearish towards Wesdome Gold Mines at a given time. Please also check how Wesdome Gold's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Wesdome Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Wesdome Gold Corporate Executives
Elected by the shareholders, the Wesdome Gold's board of directors comprises two types of representatives: Wesdome Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wesdome. The board's role is to monitor Wesdome Gold's management team and ensure that shareholders' interests are well served. Wesdome Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wesdome Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ben Au | Chief Financial Officer | Profile | |
| Hemdat Sawh | Chief Financial Officer | Profile | |
| Fernando Ragone | Senior CFO | Profile | |
| Philip Ng | Chief Operating Officer | Profile |
How to buy Wesdome Stock?
Before investing in Wesdome Gold, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Wesdome Gold. To buy Wesdome Gold stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Wesdome Gold. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Wesdome Gold stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Wesdome Gold Mines stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Wesdome Gold Mines stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Wesdome Gold Mines, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
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The danger of trading Wesdome Gold Mines is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wesdome Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wesdome Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wesdome Gold Mines is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome Gold Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Wesdome Stock analysis
When running Wesdome Gold's price analysis, check to measure Wesdome Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wesdome Gold is operating at the current time. Most of Wesdome Gold's value examination focuses on studying past and present price action to predict the probability of Wesdome Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesdome Gold's price. Additionally, you may evaluate how the addition of Wesdome Gold to your portfolios can decrease your overall portfolio volatility.
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