Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $18.97 and traded as high as $25.55. Wesdome Gold Mines shares last traded at $25.41, with a volume of 191,299 shares.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. National Bank Financial upgraded shares of Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Wesdome Gold Mines in a report on Thursday, July 23rd. BMO Capital Markets cut Wesdome Gold Mines from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 18th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wesdome Gold Mines in a research note on Friday, August 21st. 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”.
Read Our Latest Stock Analysis on WDOFF
Wesdome Gold Mines Trading Down 1.8%
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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