Wesdome Gold Mines (TSE:WDO) Reaches New 1-Year High – Still a Buy?

Wesdome Gold Mines Ltd. (TSE:WDO)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$15.10 and last traded at C$15.09, with a volume of 59594 shares. The stock had previously closed at C$14.74.

Analyst Ratings Changes

A number of analysts have weighed in on WDO shares. TD Securities upgraded Wesdome Gold Mines to a “hold” rating in a report on Tuesday. Desjardins raised Wesdome Gold Mines to a “hold” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Wesdome Gold Mines has an average rating of “Moderate Buy” and a consensus price target of C$15.29.

Wesdome Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 0.37. The company has a market capitalization of C$2.19 billion, a PE ratio of 56.27 and a beta of 0.85. The firm’s fifty day simple moving average is C$13.39 and its 200 day simple moving average is C$12.96.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, beating 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, research analysts predict 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, Director Anthea Ingrid Bath bought 4,250 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of C$11.83 per share, with a total value of C$50,277.50. Also, Senior Officer Rajbir Gill purchased 2,213 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of C$11.65 per share, for a total transaction of C$25,781.45. 0.17% of the stock is owned by corporate 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.