Wesdome Gold Mines (OTCMKTS:WDOFF) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.98 and traded as high as $20.9659. Wesdome Gold Mines shares last traded at $20.64, with a volume of 129,845 shares changing hands.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Wesdome Gold Mines in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Wesdome Gold Mines Price Performance

The business has a 50-day simple moving average of $18.21 and a 200-day simple moving average of $16.98.

Wesdome Gold Mines Company Profile

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.