Wesdome Gold Mines (WDOFF) to Release Earnings on Wednesday

Wesdome Gold Mines (OTCMKTS:WDOFF) is expected to be releasing its resultson Wednesday, March 11th. Analysts expect Wesdome Gold Mines to post earnings of $0.5170 per share and revenue of $203.6710 million for the quarter.

Wesdome Gold Mines Stock Up 2.0%

Shares of WDOFF opened at $17.43 on Monday. Wesdome Gold Mines has a one year low of $9.96 and a one year high of $20.16. The business has a fifty day moving average of $17.74 and a 200 day moving average of $16.07.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Wesdome Gold Mines in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. is a publicly traded Canadian gold producer and explorer focused on its flagship Eagle River Complex in Ontario and the high‐grade Kiena gold complex in Quebec. The Eagle River Complex, situated near Wawa, Ontario, comprises an underground mine, the Mishi open‐pit deposit and a 3,200‐tonne‐per‐day milling facility that produces gold‐rich concentrates. In Val‐d’Or, Quebec, the Kiena property features an established decline and infrastructure supporting ongoing underground exploration at the Deep A Zone and evaluation of adjoining zones for potential resource expansion.

Since commencing production in 2008, Eagle River has delivered steady gold output through conventional milling and flotation circuits, while exploration programs at Kiena have continued to intersect high‐grade gold mineralization.