Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $20.80 and traded as high as $24.76. Wesdome Gold Mines shares last traded at $24.06, with a volume of 71,747 shares traded.
Wall Street Analysts Forecast Growth
WDOFF has been the topic of a number of analyst reports. National Bank Financial upgraded Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a research note on Thursday, July 2nd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wesdome Gold Mines in a report on Friday, August 21st. BMO Capital Markets downgraded shares of Wesdome Gold Mines from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 18th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Wesdome Gold Mines in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wesdome Gold Mines currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on WDOFF
Wesdome Gold Mines Stock Down 5.2%
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. is a Canadian gold mining company engaged in the exploration, development, extraction and processing of gold. The company operates the Eagle River underground mine near Wawa, Ontario, and the Kiena underground mine and processing complex near Val-d’Or, Quebec.
Wesdome produces gold from its Canadian operations and conducts exploration programs aimed at extending mine life and identifying additional mineral resources. The company’s activities include underground mining, mineral processing, resource evaluation and exploration on properties in Ontario and Quebec.
Founded in 1976, Wesdome has developed into an established Canadian gold producer through the acquisition and development of mineral properties.
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