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

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) reached a new 52-week high on Monday . The stock traded as high as C$27.50 and last traded at C$27.38, with a volume of 314623 shares. The stock had previously closed at C$25.83.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WDO shares. CIBC raised their price target on Wesdome Gold Mines from C$24.00 to C$27.00 in a research report on Friday, October 10th. Stifel Nicolaus raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their target price for the stock from C$20.50 to C$28.00 in a research note on Monday, October 20th. TD Securities lifted their price target on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group downgraded shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$27.00 to C$28.00 in a research report on Monday. Finally, Royal Bank Of Canada boosted their price objective on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Wesdome Gold Mines has a consensus rating of “Moderate Buy” and an average target price of C$26.86.

Wesdome Gold Mines Trading Down 0.1%

The stock has a market cap of C$3.79 billion, a price-to-earnings ratio of 13.15 and a beta of 0.48. The business has a 50-day simple moving average of C$23.47 and a two-hundred day simple moving average of C$20.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.58 earnings per share (EPS) for the quarter. Wesdome Gold Mines had a net margin of 17.01% and a return on equity of 17.53%. The company had revenue of C$230.28 million for the quarter. As a group, research analysts forecast that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.