Wesdome Gold Mines (TSE:WDO) Reaches New 1-Year High at $10.30

Shares of Wesdome Gold Mines Ltd. (TSE:WDO) reached a new 52-week high on Thursday . The company traded as high as C$10.30 and last traded at C$10.24, with a volume of 1623053 shares changing hands. The stock had previously closed at C$9.81.

Wall Street Analyst Weigh In

Separately, CIBC set a C$12.00 target price on shares of Wesdome Gold Mines and gave the stock an “outperform” rating in a research note on Monday, March 18th.

Wesdome Gold Mines Trading Up 2.9 %

The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 9.94. The firm has a 50 day moving average of C$9.04 and a 200 day moving average of C$8.16. The firm has a market cap of C$1.51 billion, a PE ratio of -245.25 and a beta of 0.73.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. explores and develops of gold deposits in Canada. The company produces gold; and silver as a by-product. 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.