Wesdome Gold Mines (TSE:WDO) Sets New 12-Month High - Still a Buy?

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.

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

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.