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Wesdome Gold Mines (TSE:WDO) Upgraded to Strong-Buy at Stifel Canada

Wesdome Gold Mines logo with Basic Materials background

Wesdome Gold Mines (TSE:WDO - Get Free Report) was upgraded by stock analysts at Stifel Canada to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Wesdome Gold Mines' Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $1.95 EPS, FY2026 earnings at $1.95 EPS and FY2027 earnings at $2.21 EPS.

WDO has been the topic of several other reports. National Bankshares upped their target price on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Desjardins boosted their price target on Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Royal Bank Of Canada raised their price objective on shares of Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday, June 4th.

Check Out Our Latest Report on Wesdome Gold Mines

Wesdome Gold Mines Stock Up 0.9%

Shares of TSE WDO traded up C$0.16 during mid-day trading on Tuesday, reaching C$18.15. The company had a trading volume of 2,251,027 shares, compared to its average volume of 522,876. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 2.14. Wesdome Gold Mines has a twelve month low of C$10.89 and a twelve month high of C$20.24. The stock's 50 day moving average is C$18.44 and its 200-day moving average is C$16.18. The stock has a market capitalization of C$2.76 billion, a PE ratio of 33.87 and a beta of 0.85.

Insider Buying and Selling

In other Wesdome Gold Mines news, Senior Officer Rajbir Gill sold 14,173 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of C$18.62, for a total value of C$263,901.26. Also, Senior Officer Kevin Lonergan sold 1,484 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of C$18.21, for a total transaction of C$27,023.64. Insiders sold a total of 29,827 shares of company stock valued at $556,297 over the last ninety days. 0.17% of the stock is owned by company insiders.

About Wesdome Gold Mines

(Get Free Report)

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.

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