TSE:WDO
Wesdome Gold Mines Ltd. (WDO.TO)
Financials 
Technical Analysis ;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
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Premium contentWe reiterate this Canadian based producer of gold and silver. Management just reported a 20% increase in ounces produced over the year, ahead of next month's earnings release. Recently reported earnings showed cash reserves growing, while debt was aggressively retired. We continue to recommend a stop at $16, looking to achieve $22 -- upside potential of 27%. Yield 0%
(Analysts’ price target is $22.50)Premium contentPremium contentPremium contentWDO is a high-grade gold miner operating facilities in Ontario and Quebec. Production in Quebec is ramping up as deep zone work is exploited -- creating a near doubling of production there. Strong cash flow is allowing the company to aggressively retire debt while still seeing cash reserves grow. It trades at 19x earnings and supports a ROE of 27%. We recommend setting a stop-loss at $13.50, looking to achieve $20.00 -- upside potential of 18%. Yield 0%
(Analysts’ price target is $19.89)WDO has a 'bouncy' history but certainly momentum is quite strong right now. The balance sheet is solid and it is growing nicely. For mid-cap sector exposure, we would be OK buying today.
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EPS of -2c slightly missed estimates. Revenue of $75M missed estimates by 10%.
EBITDA of $21.3M missed by 8%.
Gold sales fell 16% yet all-in costs rose 18%. 2023 forecast is for 120,000 ounces, up from 111,000. Its problems are not unique as costs continue to rise.
But we need to see better production growth to offset it. If production grows 10% and costs rise 18%, it is going backwards.
We think it is OK generally, and the balance sheet is fine.
But it is hard to make a strong case for keeping it this year.
It is a bit expensive (because earnings have declined).
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Bruce Campbell (2)Bruce Campbell (2)Hasn’t followed this closely, but there was some recent chatter about somebody buying it out. They hit a drill hole in August that looked promising, so there is a little bit of froth on it. A pretty steady producer over the years, not a lot of reserves and not a lot of reserve growth. If the chatter proves to be true and the holes are repeated, you are probably going to do okay.
John Embry
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Wesdome Gold Mines Ltd. (WDO.TO) Frequently Asked Questions
What is Wesdome Gold Mines Ltd. stock symbol?
Wesdome Gold Mines Ltd. is a Canadian stock, trading under the symbol WDO.TO (previously WDO-T on Stockchase) on the Toronto Stock Exchange (WDO-CT). It is usually referred to as TSX:WDO or WDO.TO
Is Wesdome Gold Mines Ltd. a buy or a sell?
In the last year, no analyst issued a Buy, Sell, or Hold rating on WDO.TO (previously WDO-T on Stockchase) on Stockchase. Read the latest expert commentary for Wesdome Gold Mines Ltd..
Is Wesdome Gold Mines Ltd. a good investment or a top pick?
Wesdome Gold Mines Ltd. was recommended as a Top Pick by The Panic-Proof Portfolio (Stockchase Research) on 2025-08-19. Read the latest stock experts ratings for Wesdome Gold Mines Ltd..
Why is Wesdome Gold Mines Ltd. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Wesdome Gold Mines Ltd..
Is Wesdome Gold Mines Ltd. worth watching?
Wesdome Gold Mines Ltd. is followed by 38 investors on Stockchase and is a trending stock that is worth watching.
What is Wesdome Gold Mines Ltd. stock price?
On 2026-09-02, Wesdome Gold Mines Ltd. (WDO.TO) stock closed at a price of $32.03.
Our PAST TOP PICK with WDO has triggered its stop at $16. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, when combined with our previous guidance.