Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report) was the target of a large drop in short interest in 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 trading volume of 316,760 shares, the short-interest ratio is currently 12.1 days.
Wesdome Gold Mines Stock Up 2.2%
WDOFF stock opened at $18.71 on Tuesday. Wesdome Gold Mines has a 12-month low of $13.82 and a 12-month high of $27.27. The business has a 50 day moving average of $23.47 and a 200-day moving average of $20.08.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wesdome Gold Mines in a report on Friday, October 16th. BMO Capital Markets downgraded Wesdome Gold Mines from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Wesdome Gold Mines in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on WDOFF
Wesdome Gold Mines Company Profile
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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