Wesdome Gold Mines Completes Acquisition of Angus Gold

Wesdome Gold Mines ( (TSE:WDO) ) has issued an announcement.

Wesdome Gold Mines Ltd has successfully acquired all outstanding shares of Angus Gold Inc., making it a wholly owned subsidiary. This acquisition, particularly of the Angus property adjacent to Wesdome’s Eagle River Mine, is expected to enhance the company’s long-term growth potential and support its disciplined growth strategy by consolidating regional land packages.

The most recent analyst rating on (TSE:WDO) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Wesdome Gold Mines stock, see the TSE:WDO Stock Forecast page.

Spark’s Take on TSE:WDO Stock

According to Spark, TipRanks’ AI Analyst, TSE:WDO is a Outperform.

Wesdome Gold Mines receives a strong overall score driven by robust financial performance and strategic growth initiatives. The company’s stable financial health and operational improvements outweigh technical volatility, with promising corporate developments supporting long-term growth prospects.

To see Spark’s full report on TSE:WDO stock, click here.

More about Wesdome Gold Mines

Wesdome Gold Mines Ltd 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 aims to leverage its operating platform and exploration pipeline to grow as a value-driven gold producer.

Average Trading Volume: 583,941

Technical Sentiment Signal: Buy

Current Market Cap: C$2.86B

For detailed information about WDO stock, go to TipRanks’ Stock Analysis page.