Wesdome Gold Mines (TSE:WDO) Reaches New 12-Month High - What's Next?

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$15.49 and last traded at C$15.47, with a volume of 16786 shares changing hands. The stock had previously closed at C$15.23.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Securities upgraded Wesdome Gold Mines to a "hold" rating in a research note on Tuesday, February 4th. Desjardins upgraded Wesdome Gold Mines from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$15.00 to C$17.50 in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$15.56.

Wesdome Gold Mines Stock Performance

The firm has a 50 day moving average of C$14.22 and a two-hundred day moving average of C$13.21. The stock has a market cap of C$2.37 billion, a PE ratio of 29.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.14 and a quick ratio of 0.37.

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.