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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) 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 traded. The stock had previously closed at C$15.23.

Wall Street Analyst Weigh In

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

Wesdome Gold Mines Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37. The stock has a market capitalization of C$2.37 billion, a P/E ratio of 29.13 and a beta of 0.85. The firm has a 50-day simple moving average of C$14.22 and a 200 day simple moving average of C$13.21.

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.