Wesdome Gold Mines (TSE:WDO) Sets New 1-Year High – Still a Buy?

Wesdome Gold Mines Ltd. (TSE:WDOGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$15.49 and last traded at C$15.47, with a volume of 16786 shares changing hands. The stock had previously closed at C$15.23.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WDO shares. Desjardins raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their target price for the company from C$15.00 to C$17.50 in a research report on Thursday, February 13th. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.56.

View Our Latest Stock Report on Wesdome Gold Mines

Wesdome Gold Mines Stock Up 0.1 %

The firm has a market cap of C$2.37 billion, a price-to-earnings ratio of 29.13 and a beta of 0.85. The firm’s fifty day moving average is C$14.22 and its two-hundred day moving average is C$13.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37.

About Wesdome Gold Mines

(Get Free Report)

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.

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