Wesdome Gold Mines (WDOFF) Expected to Post Quarterly Earnings on Thursday

Wesdome Gold Mines (OTCMKTS:WDOFF) is expected to be issuing its results before the market opens on Thursday, August 13th. Analysts expect Wesdome Gold Mines to announce earnings of $0.4190 per share and revenue of $196.0640 million for the quarter.

Wesdome Gold Mines Stock Performance

Wesdome Gold Mines stock opened at $24.28 on Wednesday. The firm has a 50-day moving average of $18.77 and a 200-day moving average of $18.66. Wesdome Gold Mines has a one year low of $11.50 and a one year high of $25.25.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WDOFF. National Bank Financial raised Wesdome Gold Mines from an “outperform” rating to an “outperform” rating in a report on Thursday, July 2nd. Canadian Imperial Bank of Commerce upgraded shares of Wesdome Gold Mines from a “neutral” rating to an “outperform” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Wesdome Gold Mines in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.