Wesdome Gold Mines (OTCMKTS:WDOFF) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.34 and traded as high as $18.98. Wesdome Gold Mines shares last traded at $18.98, with a volume of 162,376 shares.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Wesdome Gold Mines currently has a consensus rating of “Moderate Buy”.

Wesdome Gold Mines Stock Up 3.8%

The stock’s 50 day moving average is $18.81 and its 200 day moving average is $18.34.

Wesdome Gold Mines Company Profile

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.