The stock of Wesdome Gold Mines Ltd (TSE:WDO) is a huge mover today! About 21,506 shares traded hands. Wesdome Gold Mines Ltd (TSE:WDO) has risen 54.94% since April 21, 2016 and is uptrending. It has outperformed by 49.53% the S&P500.
The move comes after 7 months negative chart setup for the $333.27M company. It was reported on Nov, 25 by Barchart.com. We have $2.27 PT which if reached, will make TSE:WDO worth $26.66M less.
Wesdome Gold Mines Ltd (TSE:WDO) Ratings Coverage
Out of 3 analysts covering Wesdome Gold Mines Ltd (TSE:WDO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.25 is the highest target while $1.50 is the lowest. The $2.08 average target is -15.79% below today’s ($2.47) stock price. Wesdome Gold Mines Ltd has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was maintained by National Bank Canada on Monday, May 2 with “Outperform”. The stock has “Buy” rating given by Salman Partners on Monday, November 30. The company was maintained on Tuesday, August 11 by M Partners. The firm earned “Speculative Buy” rating on Wednesday, January 13 by Clarus Securities. The company was reinitiated on Thursday, February 4 by Dundee Securities.
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 $333.27 million. The Firm is producing gold at the Eagle River Complex and open pit Mishi gold mines. It has a 51.18 P/E ratio. 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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