Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $19.89 and traded as high as $25.52. Wesdome Gold Mines shares last traded at $23.3450, with a volume of 82,422 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have commented on WDOFF shares. BMO Capital Markets lowered shares of Wesdome Gold Mines from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 18th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wesdome Gold Mines in a research note on Friday, August 21st. National Bank Financial upgraded Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Wesdome Gold Mines in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on WDOFF
Wesdome Gold Mines Trading Down 1.8%
The business has a 50-day moving average price of $23.85 and a two-hundred day moving average price of $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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