Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$14.69 and last traded at C$14.51, with a volume of 326498 shares. The stock had previously closed at C$14.08.
Analyst Upgrades and Downgrades
Separately, Desjardins raised shares of Wesdome Gold Mines to a "hold" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$15.29.
Check Out Our Latest Report on WDO
Wesdome Gold Mines Price Performance
The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44. The company's 50 day moving average is C$13.19 and its 200 day moving average is C$12.92. The firm has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 56.73 and a beta of 0.85.
Wesdome Gold Mines (TSE:WDO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.12. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. On average, equities research analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Anthea Ingrid Bath bought 4,250 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of C$11.83 per share, for a total transaction of C$50,277.50. Also, Senior Officer Rajbir Gill acquired 2,213 shares of the firm's stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$11.65 per share, for a total transaction of C$25,781.45. Insiders own 0.17% of the company's stock.
Wesdome Gold Mines Company Profile
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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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