Wesdome Gold Mines (TSE:WDO) Reaches New 1-Year High – What’s Next?

Wesdome Gold Mines Ltd. (TSE:WDO) reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.71 and last traded at C$16.61, with a volume of 61985 shares traded. The stock had previously closed at C$15.97.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Desjardins raised their target price on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$15.63.

Wesdome Gold Mines Price Performance

The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of C$14.56 and a 200-day simple moving average of C$13.34. The stock has a market cap of C$2.48 billion, a price-to-earnings ratio of 30.51 and a beta of 0.85.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.