Wesdome Gold Mines (TSE:WDO) Share Price Crosses Below Two Hundred Day Moving Average After Analyst Downgrade

Posted by Francis Steltz on Oct 27th, 2026

Wesdome Gold Mines Ltd. (TSE:WDO – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday after Canaccord Genuity Group downgraded the stock from a buy rating to a hold rating. The stock has a 200-day moving average of C$27.83 and traded as low as C$27.11. Canaccord Genuity Group now has a C$33.00 price target on the stock, up from their previous price target of C$30.00. Wesdome Gold Mines shares last traded at C$27.74, with a volume of 746,573 shares trading hands.

Several other analysts also recently issued reports on WDO. Stifel Nicolaus downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and set a C$34.00 price target on the stock. in a report on Monday, October 19th. Desjardins reduced their price objective on Wesdome Gold Mines from C$42.00 to C$41.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets downgraded Wesdome Gold Mines from an “outperform” rating to a “hold” rating and upped their price objective for the stock from C$30.00 to C$34.00 in a research note on Wednesday, August 19th. National Bank Financial increased their target price on Wesdome Gold Mines from C$34.50 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce raised their target price on Wesdome Gold Mines from C$32.00 to C$35.00 in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$34.50.

View Our Latest Stock Report on Wesdome Gold Mines

Insider Activity

In related news, Director Anthea Ingrid Bath sold 66,961 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total transaction of C$2,085,835.15. Following the transaction, the director owned 130,128 shares in the company, valued at C$4,053,487.20. This trade represents a 33.98% decrease in their ownership of the stock. 0.17% of the stock is owned by company insiders.

Wesdome Gold Mines Stock Performance

The firm’s 50-day simple moving average is C$33.67 and its two-hundred day simple moving average is C$27.83. The stock has a market capitalization of C$3.98 billion, a PE ratio of 10.01 and a beta of 1.32. The company has a current ratio of 6.90, a quick ratio of 0.37 and a debt-to-equity ratio of 0.73.

Wesdome Gold Mines (TSE:WDO – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The business had revenue of C$266.76 million during the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%. On average, equities research analysts expect that Wesdome Gold Mines Ltd. will post 1.29 earnings per share for the current fiscal year.

Wesdome Gold Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.0306 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 15th.

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.