A Reversal for Wesdome Gold Mines Ltd Is Not Near. The Stock Rises Again

 A Reversal for Wesdome Gold Mines Ltd Is Not Near. The Stock Rises Again

The stock of Wesdome Gold Mines Ltd (TSE:WDO) is a huge mover today! About 99,551 shares traded hands. Wesdome Gold Mines Ltd (TSE:WDO) has risen 62.11% since March 28, 2016 and is uptrending. It has outperformed by 59.10% the S&P500.
The move comes after 8 months positive chart setup for the $364.25 million company. It was reported on Nov, 1 by Barchart.com. We have $6.19 PT which if reached, will make TSE:WDO worth $440.74M 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 -37.14% below today’s ($2.8) 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. The firm has “Outperform” rating given on Monday, May 2 by National Bank Canada. The company was initiated on Wednesday, January 13 by Clarus Securities. M Partners maintained it with “Buy” rating and $1.85 target price in Tuesday, August 11 report. The stock of Wesdome Gold Mines Ltd (TSE:WDO) earned “Buy” rating by Salman Partners on Monday, November 30.

Another recent and important Wesdome Gold Mines Ltd (TSE:WDO) news was published by Business.Financialpost.com which published an article titled: “Wesdome Gold Mines stock soars on new gold discovery at shuttered Quebec mine” on August 25, 2016.

Wesdome Gold Mines Ltd. is engaged in gold mining operations. The company has a market cap of $364.25 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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