Wesdome Gold Mines (TSE:WDO) Sets New 52-Week High - Should You Buy?

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as C$15.15 and last traded at C$15.09, with a volume of 188108 shares trading hands. The stock had previously closed at C$14.66.

Analyst Ratings Changes

Several equities analysts recently weighed in on WDO shares. TD Securities raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Tuesday, February 4th. Desjardins raised shares of Wesdome Gold Mines from a "hold" rating to a "buy" rating and lifted their price target for the company from C$15.00 to C$17.50 in a research 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 assigned a strong buy rating to the company's stock. According to 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 firm's 50 day moving average price is C$14.00 and its 200-day moving average price is C$13.15. The firm has a market cap of C$2.31 billion, a price-to-earnings ratio of 28.37 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.