Wesdome Gold Mines (TSE:WDO) Sets New 1-Year High – What’s Next?

Posted by Teresa Graham on Mar 21st, 2025

Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$16.25 and last traded at C$15.93, with a volume of 261105 shares. The stock had previously closed at C$16.02.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Desjardins lifted their price target on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday. TD Securities raised shares of 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, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.63.

Read Our Latest Research Report on WDO

Wesdome Gold Mines Stock Down 2.0 %

The stock’s fifty day moving average price is C$14.44 and its 200-day moving average price is C$13.29. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The company has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 29.49 and a beta of 0.85.

Wesdome Gold Mines Company Profile

(Get Free Report)

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.