Wesdome Gold Mines Ltd’s Stock Is Sell After Today’s Huge Decline

 Wesdome Gold Mines Ltd's Stock Is Sell After Today's Huge Decline

The stock of Wesdome Gold Mines Ltd (TSE:WDO) is a huge mover today! The stock decreased 4.10% or $0.12 on November 2, hitting $2.81. About 440,090 shares traded hands or 38.87% up from the average. Wesdome Gold Mines Ltd (TSE:WDO) has risen 76.51% since March 29, 2016 and is uptrending. It has outperformed by 73.98% the S&P500.
The move comes after 8 months negative chart setup for the $410.37 million company. It was reported on Nov, 2 by Barchart.com. We have $2.42 PT which if reached, will make TSE:WDO worth $57.45 million less.

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. Wesdome Gold Mines Ltd has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Wednesday, January 13 the stock rating was initiated by Clarus Securities with “Speculative Buy”. On Thursday, February 4 the stock rating was reinitiated by Dundee Securities with “Buy”. The stock of Wesdome Gold Mines Ltd (TSE:WDO) has “Buy” rating given on Tuesday, August 11 by M Partners. The stock of Wesdome Gold Mines Ltd (TSE:WDO) has “Outperform” rating given on Monday, May 2 by National Bank Canada. On Monday, November 30 the stock rating was initiated by Salman Partners with “Buy”.

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 $410.37 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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