Wesdome Gold Mines (TSE:WDO) Trading Down 12.3% – Time to Sell?

Posted by Francis Steltz on May 15th, 2026

Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report) dropped 12.3% on Friday . The stock traded as low as C$26.83 and last traded at C$26.88. Approximately 342,242 shares were traded during trading, a decline of 62% from the average daily volume of 901,126 shares. The stock had previously closed at C$30.64.

Analyst Upgrades and Downgrades

WDO has been the topic of a number of recent analyst reports. Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$27.00 to C$28.00 in a research note on Monday, January 26th. National Bank Financial boosted their target price on Wesdome Gold Mines from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research report on Friday, March 13th. TD Securities boosted their price objective on Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. Finally, Desjardins boosted their price objective on Wesdome Gold Mines from C$32.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$29.71.

Check Out Our Latest Research Report on WDO

Wesdome Gold Mines Price Performance

The business has a 50 day moving average price of C$25.86 and a two-hundred day moving average price of C$24.08. The stock has a market cap of C$4.08 billion, a PE ratio of 10.26 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 5.80.

Wesdome Gold Mines (TSE:WDO – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported C$0.79 earnings per share for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%.The firm had revenue of C$299.79 million for the quarter. Research analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Insider Activity at Wesdome Gold Mines

In other news, insider Ronald James Jonathan Lawrence sold 1,557 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total transaction of C$35,593.02. Following the completion of the sale, the insider owned 1,259 shares in the company, valued at C$28,780.74. This trade represents a 55.29% decrease in their position. Also, insider Rajbir Gill sold 1,829 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total transaction of C$41,810.94. Following the sale, the insider owned 23,622 shares of the company’s stock, valued at approximately C$539,998.92. The trade was a 7.19% decrease in their position. In the last 90 days, insiders have sold 11,425 shares of company stock worth $261,176. 0.17% of the stock is currently owned by company insiders.

About Wesdome Gold Mines

(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.