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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (64226)	8/2/2019 7:45:56 AM
From: Goose94	Read Replies (2) of 203020

Wesdome Gold Mines (WDO-T) Industrial Alliance Securities analyst George Topping lowered his rating to "buy" from "strong buy," pointing to recent "rapid" share price appreciation. Mr. Topping elevated his share target to $7.50 from $7. Analysts on average target the shares at $6.20. Mr. Topping says in a note: "Kiena drilling continues to return highly economic widths and grades and remains open. There may be some disappointment that the originally contemplated split and resultant duplication up plunge has been replaced with a fold but in reality, it's probably better to have the gold concentrated in one mineralised zone. The interpretation is likely to continue to evolve as more drilling is completed." Canaccord Genuity analyst Tom Gallo had cut Wesdome to "hold" from "buy" because of its high valuation in the wake of "strong" performance. The shares were then worth $5.36.

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