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Analyst Favorites: Wesdome Gold Mines Ranks As a Top Metals Pick
Monday, June 1, 12:05 PM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Wesdome Gold Mines Ltd ...

Analyst Favorites: Wesdome Gold Mines Ranks As a Top Metals Pick
Monday, August 17, 11:45 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Wesdome Gold Mines Ltd ...

Analyst Favorites: Wesdome Gold Mines Ranks As a Top Metals Pick
Monday, November 2, 11:49 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Wesdome Gold Mines Ltd ...

Relative Strength Alert For Wesdome Gold Mines (WDO.CA)
Monday, November 16, 4:32 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Relative Strength Alert For Wesdome Gold Mines (WDO.CA)
Thursday, February 18, 12:01 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Analyst Favorites: Wesdome Gold Mines Ranks As a Top Metals Pick

By Metals Channel Staff, Thursday, January 2, 11:52 AM ET
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A study of analyst recommendations at the major brokerages shows that Wesdome Gold Mines Ltd (TSE:WDO.CA) is the #5 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.

In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise.

From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.

WDO.CA operates in the Precious Metals sector, among companies like Newmont Goldcorp Corp (NEM) which is up about 0.3% today, and Barrick Gold Corp. (GOLD) trading higher by about 0.1%. Below is a three month price history chart comparing the stock performance of WDO.CA, versus NEM and GOLD.

WDO.CA,NEM,GOLD Relative Performance Chart

WDO.CA is currently trading off about 1.7% midday Thursday.


This Article's Word Cloud:   Analyst   Barrick   Below   Channel   Corp   Favorites   From   GOLD   Global   Gold   Goldcorp   Index   Investors   Metals   Mines   Mining   Newmont   Precious   Start   Thursday   Titans   Wesdome   about   according   also   among   analyst   analysts   angle   angles   average   averaged   averages   bullish   companies   could   from   major   market   mdash   mean   opinions   pick   rank   sector   should   stock   that   trading   were

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