Wesdome Gold Mines (TSE:WDO) Sets New 12-Month High – What’s Next?

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

Analyst Ratings Changes

A number of research firms have recently issued reports on WDO. TD Securities raised shares of Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. National Bankshares increased their target price on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Desjardins boosted their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.19.

Wesdome Gold Mines Trading Down 1.8 %

The company has a market cap of C$2.47 billion, a price-to-earnings ratio of 30.34 and a beta of 0.85. The company’s 50 day moving average price is C$14.67 and its 200 day moving average price is C$13.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.