TSE:WDO
Wesdome Gold Mines Ltd. (WDO.TO)
Financials 
Technical Analysis 
Jun 9, 2026, 12:00 amThis summary was created by AI, based on 3 opinions in the last 12 months.
Wesdome Gold Mines Ltd. (WDO-T) has garnered attention from experts in recent reviews. While the first review indicates that the stock has triggered a stop-loss at $16, resulting in a 6% loss from previous guidance, the second review highlights a positive trend in production with a reported 20% increase in gold and silver ounces produced. Additionally, cash reserves have grown, and debt levels have been decreasing, prompting analysts to set a price target of $22. The third review notes that the stock successfully reached a target of $20, suggesting strong performance, and recommends covering half of the position while maintaining the stop-loss. Generally, the sentiment around WDO remains cautiously optimistic, anticipating further upside potential amidst its recent financial improvements.
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Premium content
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, 4 stock analysts published opinions about WDO.TO (previously WDO-T on Stockchase). 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings 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 John Embry on 2008-01-09. 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 help on deciding if you should buy, sell or hold the stock.
Is Wesdome Gold Mines Ltd. worth watching?
4 stock analysts on Stockchase covered Wesdome Gold Mines Ltd. in the last year. It is a trending stock that is worth watching.
What is Wesdome Gold Mines Ltd. stock price?
On 2026-06-10, Wesdome Gold Mines Ltd. (WDO.TO) stock closed at a price of $23.58.
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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.