Wesdome Gold Mines, the Basic Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Andrew Mikitchook from BMO Capital maintained a Buy rating on the stock and has a C$30.00 price target.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Andrew Mikitchook has given his Buy rating due to a combination of factors, including Wesdome’s solid Q1 2026 results and strong free cash flow that enabled an expanded share repurchase program. He highlights that earnings, cash flow per share, and all-in sustaining costs were in line with expectations, while guidance for 2026 production and costs was reaffirmed, supporting confidence in the company’s outlook.
Kiena’s improving operating performance, driven by multiple active mining horizons, reduced equipment downtime, and new stopes coming online at Presqu’île and Kiena Deep, is expected to lower costs and boost second-half production. Eagle is also performing within guided ranges, and together the two high-grade Canadian underground mines underpin visibility toward roughly 200,000 ounces per year, justifying the unchanged C$30 price target and Buy recommendation.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a C$32.00 price target.
WDO’s price has also changed dramatically for the past six months – from C$21.450 to C$30.960, which is a 44.34% increase.