Wesdome Gold Mines (TSE:WDO) Hits New 52-Week High at $11.26

Wesdome Gold Mines Ltd. (TSE:WDO) shares hit a new 52-week high on Friday . The company traded as high as C$11.26 and last traded at C$11.13, with a volume of 125372 shares traded. The stock had previously closed at C$11.05.

Analysts Set New Price Targets

A number of analysts have commented on WDO shares. CIBC increased their price target on shares of Wesdome Gold Mines from C$12.00 to C$14.00 in a research note on Monday. National Bankshares cut their target price on shares of Wesdome Gold Mines from C$14.75 to C$14.25 in a research note on Friday.

Wesdome Gold Mines Stock Up 0.8 %

The company has a debt-to-equity ratio of 9.94, a quick ratio of 0.37 and a current ratio of 0.92. The firm has a fifty day simple moving average of C$9.80 and a 200-day simple moving average of C$8.47. The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of -279.00 and a beta of 0.75.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings data on Tuesday, March 12th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). Wesdome Gold Mines had a negative return on equity of 1.50% and a negative net margin of 1.86%. The firm had revenue of C$102.22 million for the quarter. As a group, sell-side analysts expect that Wesdome Gold Mines Ltd. will post 0.5495825 EPS for the current year.

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.