Wesdome Gold Mines (TSE:WDO) Hits New 52-Week High – What’s Next?

Wesdome Gold Mines Ltd. (TSE:WDO) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$15.12 and last traded at C$14.88, with a volume of 378860 shares trading hands. The stock had previously closed at C$14.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a research report on Tuesday, February 4th. Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a report on Thursday, October 31st. Three research 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 MarketBeat.com, Wesdome Gold Mines presently has an average rating of “Moderate Buy” and an average target price of C$15.29.

Wesdome Gold Mines Stock Up 0.3 %

The firm has a market capitalization of C$2.20 billion, a P/E ratio of 56.58 and a beta of 0.85. The company has a fifty day simple moving average of C$13.53 and a 200 day simple moving average of C$12.99. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44.

Insider Buying and Selling

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath bought 4,250 shares of Wesdome Gold Mines stock in a transaction on Monday, November 18th. The stock was acquired at an average price of C$11.83 per share, with a total value 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 stock was acquired at an average price of C$11.65 per share, with a total value of C$25,781.45. 0.17% of the stock is currently owned by company 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.