Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,841,431 shares, a drop of 36.0% from the September 30th total of 5,999,671 shares. Based on an average daily volume of 316,760 shares, the days-to-cover ratio is presently 12.1 days.
Wesdome Gold Mines Stock Performance
OTCMKTS:WDOFF opened at $18.22 on Wednesday. Wesdome Gold Mines has a 12 month low of $13.82 and a 12 month high of $27.27. The firm has a fifty day simple moving average of $23.32 and a two-hundred day simple moving average of $20.08.
Wall Street Analyst Weigh In
A number of research firms have recently commented on WDOFF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Wesdome Gold Mines in a research note on Thursday, July 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wesdome Gold Mines in a research report on Friday, October 16th. Finally, BMO Capital Markets downgraded shares of Wesdome Gold Mines from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wesdome Gold Mines has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on Wesdome Gold Mines
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. is a Canadian gold mining company engaged in the exploration, development, extraction and processing of gold deposits. The company produces gold doré and related mineral products from its underground mining operations and operates primarily in Canada.
Wesdome’s principal assets include the Eagle River Complex in Ontario’s Wawa area and the Kiena Mine in Val-d’Or, Quebec. The Eagle River Complex includes the Eagle River underground mine and an associated processing facility, while Kiena is an underground gold mine and mill complex in the Abitibi region of Quebec.
Founded in 1976, Wesdome has developed a portfolio focused on high-grade Canadian gold deposits.
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