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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (80597)	3/25/2020 8:45:13 AM
From: Goose94	Read Replies (1) \| Respond to of 203034

Wesdome Gold Mines (WDO-T) Industrial Alliance Securities analyst George Topping says Wesdome Gold Mines is trading at a good price. Mr. Topping says in a note: "The pullback caused by profit taking on this hitherto outperformer, offers a second chance to buy. We note, WDO is well prepared with a strong balance in case were COVID-19 were to affect operations with $36-million in cash. ... The impact, if any, on operations will be temporary while the monetary response will be long lasting and severe." Mr. Topping raised his rating to "strong buy" from "buy." Mr. Topping adds: "With the large scale unprecedented COVID-19 economic impact, the response has been the similar to the GFC, cut interest rates, print money, and buy troubled assets. The same situation happened during the 2008 financial crisis before gold went on a run to $1,900 (U.S.)/oz by 2011. Gold's turning point will be when there is more Coronavirus certainty as the massive amounts of stimulus being issued right now will leave behind a devaluation of global currencies measured against hard assets." He targets the shares at $13.40, which exceeds the consensus of $10.97.