Wesdome Gold Mines (TSE:WDO) Hits New 12-Month High at $9.55

Wesdome Gold Mines Ltd (TSE:WDO)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$9.55 and last traded at C$9.31, with a volume of 160707 shares traded. The stock had previously closed at C$9.43.

A number of equities analysts recently weighed in on the stock. Echelon Wealth Partners upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. National Bank Financial upped their target price on shares of Wesdome Gold Mines from C$9.00 to C$9.50 in a research report on Monday, November 18th. Finally, BMO Capital Markets upped their target price on shares of Wesdome Gold Mines from C$8.00 to C$9.00 in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$7.05.

The company has a market cap of $1.28 billion and a PE ratio of 40.26. The stock’s 50 day moving average is C$8.19 and its 200-day moving average is C$6.62. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 6.50.

In other Wesdome Gold Mines news, Senior Officer Heather Anne Laxton purchased 22,870 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of C$1.96 per share, with a total value of C$44,825.20. Following the completion of the purchase, the insider now directly owns 28,972 shares in the company, valued at C$56,785.12.

About Wesdome Gold Mines (TSE:WDO)

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

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