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

Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.44 and traded as high as $18.92. Wesdome Gold Mines shares last traded at $18.7950, with a volume of 102,583 shares changing hands.

Analysts Set New Price Targets

WDOFF has been the subject of several recent analyst reports. National Bank Financial upgraded shares of Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Wesdome Gold Mines in a report on Thursday. Finally, Canadian Imperial Bank of Commerce upgraded Wesdome Gold Mines from a “neutral” rating to an “outperform” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Wesdome Gold Mines Trading Up 1.5%

The business has a fifty day moving average price of $18.39 and a 200 day moving average price of $18.44.

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.