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

Wesdome Gold Mines Ltd. (TSE:WDO)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$17.17 and last traded at C$16.77, with a volume of 54119 shares trading hands. The stock had previously closed at C$16.84.

Analyst Ratings Changes

A number of analysts recently commented on the company. Desjardins boosted their target price on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Finally, National Bankshares upped their price objective on Wesdome Gold Mines from C$19.75 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$16.19.

Wesdome Gold Mines Trading Up 0.4 %

The firm has a 50 day simple moving average of C$14.81 and a 200 day simple moving average of C$13.46. The firm has a market cap of C$2.57 billion, a P/E ratio of 31.54 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.