Wesdome Gold Mines (TSE:WDO) Reaches New 12-Month High – Here’s What Happened

Posted by Geri Gentry on Aug 7th, 2026

Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$31.16 and last traded at C$30.97, with a volume of 360127 shares. The stock had previously closed at C$28.28.

Analyst Ratings Changes

WDO has been the topic of a number of recent analyst reports. Desjardins raised their target price on shares of Wesdome Gold Mines from C$32.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. National Bank Financial upgraded shares of Wesdome Gold Mines from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$34.00 to C$37.00 in a research report on Friday, July 3rd. Canadian Imperial Bank of Commerce upgraded shares of Wesdome Gold Mines from a “neutral” rating to an “outperformer” rating and upped their target price for the stock from C$31.00 to C$32.00 in a research report on Friday, July 17th. Stifel Nicolaus upgraded Wesdome Gold Mines to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Canaccord Genuity Group raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$30.00 to C$31.00 in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Wesdome Gold Mines currently has a consensus rating of “Buy” and an average target price of C$31.57.

Read Our Latest Analysis on Wesdome Gold Mines

Wesdome Gold Mines Trading Up 5.7%

The company has a quick ratio of 0.37, a current ratio of 6.03 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is C$26.04 and its two-hundred day moving average is C$25.67. The firm has a market cap of C$5.02 billion, a P/E ratio of 12.62 and a beta of 1.33.

Wesdome Gold Mines (TSE:WDO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.79 EPS for the quarter. Wesdome Gold Mines had a net margin of 39.54% and a return on equity of 46.09%. The business had revenue of C$299.79 million during the quarter. Analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Insider Transactions at Wesdome Gold Mines

In related news, insider Robert Kallio sold 4,341 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$24.11, for a total value of C$104,661.51. Following the sale, the insider directly owned 4,029 shares of the company’s stock, valued at C$97,139.19. This represents a 51.86% decrease in their ownership of the stock. Also, insider Philip Chow Yee acquired 6,250 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of C$24.15 per share, with a total value of C$150,937.50. Following the acquisition, the insider owned 12,500 shares of the company’s stock, valued at C$301,875. This represents a 100.00% increase in their position. In the last quarter, insiders have sold 17,433 shares of company stock worth $423,454. 0.17% of the stock is owned by company insiders.

Wesdome Gold Mines Company Profile

(Get Free Report)

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.