Shares of Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $21.00 and traded as high as $22.48. Wesdome Gold Mines shares last traded at $21.66, with a volume of 114,173 shares.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. BMO Capital Markets lowered shares of Wesdome Gold Mines from an “outperform” rating to a “market perform” rating in a research note 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wesdome Gold Mines in a report on Friday, October 16th. Finally, National Bank Financial raised shares of Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a research report on Thursday, July 2nd. Two 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”.
Get Our Latest Analysis on WDOFF
Wesdome Gold Mines Trading Down 5.1%
The stock’s 50-day moving average price is $24.11 and its 200 day moving average price is $21.04.
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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