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

Wesdome Gold Mines Ltd. (TSE:WDO) reached a new 52-week high during trading on Thursday . The company 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.

Wall Street Analyst Weigh In

Separately, Desjardins raised 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$15.29.

Wesdome Gold Mines Stock Performance

The business has a fifty day simple moving average of C$13.09 and a two-hundred day simple moving average of C$12.91. 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 has a market cap of C$2.18 billion, a P/E ratio of 55.96 and a beta of 0.85.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Insider Transactions at Wesdome Gold Mines

In other Wesdome Gold Mines news, Senior Officer Rajbir Gill bought 2,213 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$11.65 per share, with a total value of C$25,781.45. Also, Director Anthea Ingrid Bath bought 4,250 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of C$11.83 per share, for a total transaction of C$50,277.50. Corporate insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Company Profile

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.