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

Wesdome Gold Mines Ltd. (TSE:WDO)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$14.69 and last traded at C$14.51, with a volume of 326498 shares trading hands. The stock had previously closed at C$14.08.

Analysts Set New Price Targets

Separately, Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$15.29.

Wesdome Gold Mines Trading Down 1.3 %

The stock has a fifty day moving average of C$13.19 and a 200-day moving average of C$12.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.37 and a current ratio of 1.49. The company has a market cap of C$2.15 billion, a PE ratio of 55.23 and a beta of 0.85.

Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.12. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. Sell-side analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Rajbir Gill bought 2,213 shares of the company’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of C$11.65 per share, with a total value of C$25,781.45. Also, Director Anthea Ingrid Bath acquired 4,250 shares of Wesdome Gold Mines stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$11.83 per share, with a total value of C$50,277.50. Company insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Company Profile

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.