Wesdome Gold Mines (TSE:WDO) Sets New 12-Month High - What's Next?

Key Points

• Wesdome Gold Mines reached a new 52-week high, trading at C$21.62, with a last recorded price of C$21.42.
• Equities research analysts have mixed ratings on the stock, with one "Strong Buy," two "Buy," and three "Hold" ratings, while the average target price is C$22.13.
• The company, with a market cap of C$3.23 billion, primarily operates gold production activities in Canada, specifically at the Eagle River Complex.

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$21.62 and last traded at C$21.42, with a volume of 45177 shares. The stock had previously closed at C$21.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WDO shares. Stifel Nicolaus lowered Wesdome Gold Mines from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$24.00 to C$20.50 in a research report on Friday, August 15th. Stifel Canada lowered Wesdome Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Canaccord Genuity Group raised Wesdome Gold Mines from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada upped their target price on Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Wesdome Gold Mines presently has a consensus rating of "Moderate Buy" and an average target price of C$22.13.

Wesdome Gold Mines Stock Performance

The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The firm has a market cap of C$3.23 billion, a price-to-earnings ratio of 13.38 and a beta of 0.22. The stock has a fifty day moving average price of C$18.07 and a 200 day moving average price of C$17.82.

Wesdome Gold Mines Company Profile

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.

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