Wesdome Gold Mines (TSE:WDO) Reaches New 1-Year High – Time to Buy?

Wesdome Gold Mines Ltd. (TSE:WDO)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$15.15 and last traded at C$15.09, with a volume of 188108 shares changing hands. The stock had previously closed at C$14.66.

Analyst Upgrades and Downgrades

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

Wesdome Gold Mines Trading Up 3.0 %

The business’s 50 day moving average price is C$13.86 and its two-hundred day moving average price is C$13.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. The company has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 28.18 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.