Stifel Canada Downgrades Wesdome Gold Mines (TSE:WDO) to Hold

Key Points

• Wesdome Gold Mines' stock rating was downgraded from "strong-buy" to "hold" by Stifel Canada, impacting investor sentiment.
• Analysts predict earnings per share for Wesdome Gold Mines are expected to reach $0.53 in Q3 2025 and grow to $2.24 by FY2027.
• Current trading performance shows Wesdome's stock at C$16.29, with a market cap of C$2.47 billion and a twelve-month high of C$20.24.

Wesdome Gold Mines (TSE:WDO - Get Free Report) was downgraded by investment analysts at Stifel Canada from a "strong-buy" rating to a "hold" rating in a report issued on Thursday,Zacks.com reports. Stifel Canada also issued estimates for Wesdome Gold Mines' Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.55 EPS, Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.51 EPS, Q4 2026 earnings at $0.51 EPS and FY2027 earnings at $2.24 EPS.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group upgraded shares of Wesdome Gold Mines from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a report on Wednesday, June 4th. Finally, National Bankshares boosted their target price on shares of Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Wesdome Gold Mines presently has an average rating of "Moderate Buy" and an average target price of C$20.70.

Wesdome Gold Mines Trading Up 1.9%

Shares of TSE WDO traded up C$0.30 during mid-day trading on Thursday, hitting C$16.30. 575,489 shares of the company traded hands, compared to its average volume of 562,816. Wesdome Gold Mines has a 1 year low of C$10.89 and a 1 year high of C$20.24. The stock has a market capitalization of C$2.47 billion, a price-to-earnings ratio of 30.42 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average of C$17.90 and a two-hundred day moving average of C$16.98.

Insiders Place Their Bets

In other news, Senior Officer Robert Kristian Fitzgerald Kallio sold 3,348 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of C$19.27, for a total value of C$64,515.96. Also, Senior Officer Rajbir Gill sold 14,173 shares of Wesdome Gold Mines stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of C$18.62, for a total transaction of C$263,901.26. Insiders sold 28,343 shares of company stock worth $529,274 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.