Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $20.46 and traded as high as $24.9550. Wesdome Gold Mines shares last traded at $24.72, with a volume of 76,897 shares.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wesdome Gold Mines in a research note on Friday, August 21st. BMO Capital Markets lowered shares of Wesdome Gold Mines from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Wesdome Gold Mines in a research note on Thursday, July 23rd. Finally, National Bank Financial upgraded shares of Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on WDOFF
Wesdome Gold Mines Stock Up 0.5%
Wesdome Gold Mines Company Profile
Wesdome Gold Mines Ltd. is a Canadian gold-mining company focused on the exploration, development, and operation of underground mines in Canada. The company produces gold doré and related gold products through its mining and processing activities.
Wesdome’s principal assets include the Eagle River underground mine and processing complex near Wawa, Ontario, and the Kiena underground mine and mill in Val-d’Or, Quebec. Eagle River is an established producing operation, while the Kiena complex supports the company’s mining activities in the Abitibi region of Quebec.
Founded in 1976, Wesdome has a long history of gold exploration and mining in Canada.
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