Wesdome Gold Mines (TSE:WDO) Sets New 52-Week High – Time to Buy?

Wesdome Gold Mines Ltd. (TSE:WDO) 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 changing hands. The stock had previously closed at C$14.08.

Analyst Ratings Changes

Separately, Desjardins upgraded shares of Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. Two 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 an average target price of C$15.29.

Wesdome Gold Mines Stock Up 3.3 %

The stock has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 55.96 and a beta of 0.85. 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 business’s 50-day moving average is C$13.09 and its two-hundred day moving average is C$12.91.

Wesdome Gold Mines (TSE:WDO) last issued its 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 return on equity of 8.68% and a net margin of 9.74%. Equities analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Insider Buying and Selling at Wesdome Gold Mines

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

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.