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Wesdome Gold Mines (WDO) Stock Forecast & Price Target

C$13.14
-0.04 (-0.30%)
(As of 05:27 PM ET)

Wesdome Gold Mines - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for Wesdome Gold Mines in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for WDO.

Consensus Price Target

C$13.02
-0.90% Downside
High ForecastC$15.00
Average ForecastC$13.02
Low ForecastC$8.00

According to the 7 analysts' twelve-month price targets for Wesdome Gold Mines, the average price target is C$13.02. The highest price target for WDO is C$15.00, while the lowest price target for WDO is C$8.00. The average price target represents a forecasted downside of -0.90% from the current price of C$13.14.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$13.02C$12.20C$11.33C$10.88
Forecasted Upside-0.90% Downside18.27% Upside25.81% Upside50.35% Upside
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WDO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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WDO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Wesdome Gold Mines Stock vs. The Competition

TypeWesdome Gold MinesBasic Materials Companies
Consensus Rating Score
2.86
2.64
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/23/2024Canaccord Genuity Group
1 of 5 stars
 Boost TargetC$11.75 ➝ C$14.00+5.82%
7/11/2024Eight Capital
5 of 5 stars
 Boost TargetC$12.00 ➝ C$15.00+11.03%
7/10/2024CIBC
3 of 5 stars
 Boost TargetC$14.00 ➝ C$14.50+10.94%
5/28/2024Ventum Cap Mkts
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P. Ker
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UpgradeHold ➝ Strong-Buy
5/28/2024Ventum Financial
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 UpgradeNeutral ➝ BuyC$9.65 ➝ C$12.65+10.87%
5/14/2024National Bankshares
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 Boost TargetOutperformC$14.25 ➝ C$15.00+33.21%
5/9/2024TD Securities
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 Lower TargetBuyC$13.00 ➝ C$12.00+7.53%
10/27/2023Desjardins
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 Lower TargetHoldC$8.25 ➝ C$8.00+9.29%
2/7/2023Pi Financial
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 Lower TargetC$6.40 ➝ C$6.15+0.16%
1/23/2023Royal Bank of Canada
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 Lower TargetC$11.00 ➝ C$9.00+36.36%
1/18/2023BMO Capital Markets
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 Lower TargetC$15.00 ➝ C$14.00+117.73%
11/11/2022Bank of America
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 Lower TargetC$14.50 ➝ C$14.00+56.25%
11/10/2022Echelon Wealth Partners
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R. Walker
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DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:08 PM ET.

WDO Forecast - Frequently Asked Questions

What is Wesdome Gold Mines' forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Wesdome Gold Mines is C$13.02, with a high forecast of C$15.00 and a low forecast of C$8.00.

Should I buy or sell Wesdome Gold Mines stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wesdome Gold Mines in the last twelve months. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WDO shares.

Does Wesdome Gold Mines's stock price have much upside?

According to analysts, Wesdome Gold Mines's stock has a predicted upside of 18.84% based on their 12-month stock forecasts.

Has Wesdome Gold Mines been upgraded by Wall Street analysts recently?

Over the previous 90 days, Wesdome Gold Mines's stock had 2 upgrades by analysts.

What analysts cover Wesdome Gold Mines?

Wesdome Gold Mines has been rated by research analysts at Canaccord Genuity Group, CIBC, Eight Capital, National Bankshares, TD Securities, Ventum Cap Mkts, and Ventum Financial in the past 90 days.

Do Wall Street analysts like Wesdome Gold Mines more than its competitors?

Analysts like Wesdome Gold Mines more than other "basic materials" companies. The consensus rating score for Wesdome Gold Mines is 2.86 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how WDO compares to other companies.


This page (TSE:WDO) was last updated on 7/24/2024 by MarketBeat.com Staff

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