Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $19.37 and traded as high as $25.51. Wesdome Gold Mines shares last traded at $23.89, with a volume of 179,799 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. 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. National Bank Financial upgraded shares of Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a report on Thursday, July 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wesdome Gold Mines in a research note on Friday, August 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Wesdome Gold Mines in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Get Our Latest Analysis on WDOFF
Wesdome Gold Mines Stock Performance
The firm’s 50 day simple moving average is $23.85 and its 200 day simple moving average is $20.53.
About Wesdome Gold Mines
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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