Wesdome Gold Mines (TSE:WDO) Reaches New 1-Year High – Here’s What Happened

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.10 and last traded at C$15.09, with a volume of 59594 shares trading hands. The stock had previously closed at C$14.74.

Analyst Ratings Changes

Separately, Desjardins raised Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$15.29.

Wesdome Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The stock has a fifty day simple moving average of C$13.30 and a two-hundred day simple moving average of C$12.94. The firm has a market capitalization of C$2.21 billion, a P/E ratio of 56.88 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 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.12. Wesdome Gold Mines had a return on equity of 8.68% and a net margin of 9.74%. On average, research analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Insider Activity at Wesdome Gold Mines

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath acquired 4,250 shares of Wesdome Gold Mines stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill purchased 2,213 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of C$11.65 per share, for a total transaction of C$25,781.45. 0.17% of the stock is owned by insiders.

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.