Wesdome Gold Mines (WDOFF) to Release Quarterly Earnings on Tuesday

Wesdome Gold Mines (OTCMKTS:WDOFF) is anticipated to post its resultson Tuesday, May 12th. Analysts expect Wesdome Gold Mines to post earnings of $0.5760 per share and revenue of $219.2710 million for the quarter.

Wesdome Gold Mines Stock Performance

Shares of WDOFF stock traded up $0.42 during mid-day trading on Tuesday, reaching $17.44. The company’s stock had a trading volume of 56,070 shares, compared to its average volume of 293,390. The company’s 50 day simple moving average is $18.61 and its 200-day simple moving average is $17.22. Wesdome Gold Mines has a 12-month low of $11.50 and a 12-month high of $21.75.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Wesdome Gold Mines in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average 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.