Wesdome Gold Mines (TSE:WDO) Hits New 52-Week High – Time to Buy?

Wesdome Gold Mines Ltd. (TSE:WDO)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$15.49 and last traded at C$15.47, with a volume of 16786 shares. The stock had previously closed at C$15.23.

Wall Street Analyst Weigh In

WDO has been the subject of several research reports. TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their target price for the company from C$15.00 to C$17.50 in a report on Thursday, February 13th. Two equities 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. According to 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 3.1 %

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 firm has a fifty day moving average price of C$14.13 and a 200 day moving average price of C$13.18. The firm has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 29.30 and a beta of 0.85.

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.