The stock of Wesdome Gold Mines Ltd (TSE:WDO) is a huge mover today! About 94,161 shares traded hands. Wesdome Gold Mines Ltd (TSE:WDO) has risen 50.60% since March 14, 2016 and is uptrending. It has outperformed by 45.05% the S&P500.
The move comes after 6 months positive chart setup for the $340.23M company. It was reported on Oct, 19 by Barchart.com. We have $5.44 PT which if reached, will make TSE:WDO worth $360.64 million more.
Wesdome Gold Mines Ltd (TSE:WDO) Ratings Coverage
Out of 4 analysts covering Wesdome Gold Mines Ltd (TSE:WDO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $2 is the highest target while $1.50 is the lowest. The $1.76 average target is -33.33% below today’s ($2.64) stock price. Wesdome Gold Mines Ltd has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Dundee Securities reinitiated Wesdome Gold Mines Ltd (TSE:WDO) on Thursday, February 4 with “Buy” rating. Clarus Securities initiated the shares of WDO in a report on Wednesday, January 13 with “Speculative Buy” rating. The firm has “Outperform” rating given on Monday, May 2 by National Bank Canada. M Partners maintained it with “Buy” rating and $1.85 target price in Tuesday, August 11 report. The firm has “Buy” rating by Salman Partners given on Monday, November 30.
More important recent Wesdome Gold Mines Ltd (TSE:WDO) news were published by: Business.Financialpost.com which released: “Wesdome Gold Mines stock soars on new gold discovery at shuttered Quebec mine” on August 25, 2016, also Juniorminingnetwork.com published article titled: “Wesdome Gold Mines Announces Q3 2016 Production Results”, Marketwired.com published: “Wesdome Gold Mines Added to S&P/TSX Small Cap Index” on September 12, 2016. More interesting news about Wesdome Gold Mines Ltd (TSE:WDO) was released by: Juniorminingnetwork.com and their article: “Wesdome Gold Mines Announces High Grade Gold Discovery at Kiena Complex in Val …” with publication date: August 24, 2016.
Wesdome Gold Mines Ltd. is engaged in gold mining operations. The company has a market cap of $340.23 million. The Firm is producing gold at the Eagle River Complex and open pit Mishi gold mines. It currently has negative earnings. The Company’s Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant.
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