Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as C$15.49 and last traded at C$15.47, with a volume of 16786 shares trading hands. The stock had previously closed at C$15.23.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on WDO. TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a report on Tuesday, February 4th. Desjardins raised shares of Wesdome Gold Mines from a "hold" rating to a "buy" rating and raised their price target for the company from C$15.00 to C$17.50 in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wesdome Gold Mines has an average rating of "Moderate Buy" and an average target price of C$15.56.
Read Our Latest Stock Analysis on Wesdome Gold Mines
Wesdome Gold Mines Stock Performance
The stock has a market capitalization of C$2.38 billion, a P/E ratio of 29.23 and a beta of 0.85. The company's 50-day moving average is C$14.22 and its two-hundred day moving average is C$13.21. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.
About Wesdome Gold Mines
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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.
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