Wesdome Gold Mines (TSE:WDO – Get Free Report) announced its earnings results on Thursday. The company reported C$0.62 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$250.59 million for the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%.
Here are the key takeaways from Wesdome Gold Mines’ conference call:
- Q3 production was about 41,300 ounces, below expectations as Eagle River had a lower-grade stope and delayed sill mining, while workforce and planning issues at Kiena delayed two high-grade stopes. Wesdome expects full-year production in the lower half of guidance and AISC near the top of its range.
- Management reaffirmed 2026 production guidance of 180,000–205,000 ounces and expects Q4 to be the strongest quarter, citing confirmed Eagle River stopes, improved Kiena staffing and rising Presqu’île output. Presqu’île commercial production is now expected in Q1 2027.
- Q3 revenue rose to CAD 251 million and net income to CAD 90 million, primarily reflecting a 23% increase in the average gold price, despite 12% fewer ounces sold. Free cash flow fell year over year to CAD 52 million for the quarter, while year-to-date free cash flow was nearly CAD 220 million.
- Management flagged manpower inflation and other cost pressures for 2027; the CFO said 5% inflation could push AISC to roughly CAD 1,730–1,750 per ounce before offsets from efficiency and supply-chain initiatives. Full-year 2026 AISC is expected at the top end of guidance.
- Wesdome highlighted exploration upside at both districts, including high-grade extensions at Eagle River, new Kiena Deep zones and broad mineralization at Shawkey 10; these opportunities still require further drilling and resource conversion. The company ended Q3 debt-free with CAD 380 million in cash, though its share buyback is paused while management completes the 2027 budget.
Wesdome Gold Mines Stock Up 2.2%
Shares of WDO stock traded up C$0.62 on Friday, hitting C$28.46. The company’s stock had a trading volume of 970,573 shares, compared to its average volume of 756,100. The stock has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 10.27 and a beta of 1.29. Wesdome Gold Mines has a fifty-two week low of C$19.48 and a fifty-two week high of C$37.22. The firm’s fifty day moving average price is C$32.32 and its 200-day moving average price is C$27.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 6.90 and a quick ratio of 0.37.
Wesdome Gold Mines Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.0306 dividend. 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.
Insider Buying and Selling
In other Wesdome Gold Mines news, Director Anthea Ingrid Bath sold 66,961 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$31.15, for a total transaction of C$2,085,835.15. Following the transaction, the director directly 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 insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Stifel Nicolaus lowered Wesdome Gold Mines from a “buy” rating to a “hold” rating and set a C$34.00 price target on the stock. in a research 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, October 22nd. National Bank Financial boosted their target price on Wesdome Gold Mines from C$34.50 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. BMO Capital Markets lowered Wesdome Gold Mines from an “outperform” rating to a “hold” rating and upped their target price for the stock from C$30.00 to C$34.00 in a research report on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce raised their price target 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 given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$34.50.
Get Our Latest Research Report on WDO
Wesdome Gold Mines Company Profile
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.
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