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

Wesdome Gold Mines (TSE:WDO) was downgraded by analysts at Stifel Canada from a “strong-buy” rating to a “hold” rating in a research 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 analysts have also issued research reports about the company. National Bankshares raised their price objective on Wesdome Gold Mines from C$26.75 to C$28.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada raised their price objective on Wesdome Gold Mines from C$19.00 to C$22.00 in a research report on Wednesday, June 4th. Finally, Canaccord Genuity Group raised Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$20.70.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$16.22 on Thursday. The stock has a fifty day moving average of C$18.09 and a 200 day moving average of C$16.94. Wesdome Gold Mines has a 52 week low of C$10.89 and a 52 week high of C$20.24. The firm has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 30.27 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.

Insider Buying and Selling at Wesdome Gold Mines

In other news, Senior Officer Robert Kristian Fitzgerald Kallio sold 3,348 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$19.27, for a total transaction of C$64,515.96. Also, Senior Officer Kevin Lonergan sold 1,484 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of C$18.21, for a total value of C$27,023.64. Over the last 90 days, insiders sold 29,827 shares of company stock valued at $556,297. 0.17% of the stock is currently owned by company insiders.

About Wesdome Gold Mines

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.