Wesdome Gold Mines (WDO) AI Stock Analysis

• Market Cap: C$3.43B
• Dividend Yield: N/A
• Average Volume (3M): 941.87K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 1.33
• Revenue Growth: 81.12%
• EPS Growth: 514.82%
• Country: CA
• Employees: 301
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.52
• Shares Outstanding: 150,946,380
• 10 Day Avg. Volume: 742,794
• 30 Day Avg. Volume: 941,870
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$26.67
• Price Target Upside: 22.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 76 Outperform
• Price Target: C$24.50 ▲(12.44% Upside)

Wesdome Gold Mines has a strong financial foundation, supported by robust profitability and strategic growth initiatives. The technical indicators suggest a positive trend, though momentum is limited. Valuation is reasonable, and the earnings call provided a balanced view of strengths and challenges, with strategic actions positioning the company for future growth.

Positive Factors

Strong Financial Position

Wesdome's increased liquidity and strong financial position provide flexibility for strategic growth initiatives and enhance resilience against market fluctuations.

Revenue Growth

The significant increase in production at Eagle River demonstrates strong operational performance and supports sustained revenue growth, enhancing long-term profitability.

Strategic Expansion

The acquisition of Angus Gold expands Wesdome's resource base, supporting future exploration and production growth, and strengthening its competitive position in the gold mining sector.

Negative Factors

Operational Challenges at Kiena

Persistent operational issues at Kiena, such as equipment challenges, could hinder production efficiency and increase costs, impacting overall profitability and growth potential.

Increased Costs at Kiena

Rising costs at Kiena due to production challenges may strain margins and require additional capital, potentially affecting the company's financial performance and investment capacity.

Labor Market Challenges

Labor market constraints could limit operational efficiency and capacity expansion, posing risks to meeting production targets and maintaining competitive advantage in the long term.

Wesdome Gold Mines Business Overview & Revenue Model

Company Description

Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec. Wesdome Gold Mines Ltd. is based in Toronto, Canada.

How the Company Makes Money

Wesdome Gold Mines makes money primarily through the extraction and sale of gold. The company generates revenue by mining gold ore from its active properties, processing it to extract gold, and then selling the refined gold in the market. Key revenue streams include the sale of gold bullion and, occasionally, by-products like silver that are extracted during the gold mining process. Significant factors contributing to its earnings include the market price of gold, production efficiency, and operational cost management. Wesdome may also engage in strategic partnerships or joint ventures to optimize resource development and risk management, though specific partnerships are not detailed here.

Wesdome Gold Mines Financial Statement Overview

Summary

Wesdome Gold Mines demonstrates strong financial health with robust profitability, low leverage, and efficient cash flow management. However, the declining free cash flow growth is a concern that needs monitoring.

Income Statement

Wesdome Gold Mines has demonstrated strong revenue growth with a 12.52% increase in TTM, supported by robust gross and net profit margins of 49.79% and 29.03%, respectively. The company also maintains a healthy EBIT margin of 44.27% and an impressive EBITDA margin of 59.97%. These metrics indicate solid profitability and operational efficiency, positioning the company well within the gold industry.

Balance Sheet

The balance sheet reflects a strong financial position with a low debt-to-equity ratio of 0.00085, indicating minimal leverage. The return on equity is high at 34.16%, showcasing effective use of equity to generate profits. The equity ratio stands at 78.82%, highlighting a stable capital structure. Overall, the company is financially stable with low risk.

Cash Flow

Wesdome Gold Mines has a solid operating cash flow to net income ratio of 4.79, indicating strong cash generation relative to net income. However, the free cash flow growth rate has declined by 3.77%, which could be a concern if it persists. The free cash flow to net income ratio is 0.54, suggesting moderate efficiency in converting net income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	725.63M	558.18M	333.17M	265.48M	262.91M	215.47M
Gross Profit	401.48M	241.86M	37.75M	51.11M	117.29M	90.08M
EBITDA	462.87M	307.74M	93.63M	46.58M	218.37M	102.95M
Net Income	240.80M	135.47M	-6.19M	-14.71M	131.29M	50.72M
Balance Sheet
Total Assets	933.00M	746.65M	618.96M	619.13M	553.72M	358.58M
Cash, Cash Equivalents and Short-Term Investments	187.56M	123.10M	41.37M	33.19M	56.76M	63.48M
Total Debt	376.00K	881.00K	42.46M	63.98M	14.57M	11.51M
Total Liabilities	197.58M	175.84M	191.66M	220.61M	158.54M	95.73M
Stockholders Equity	735.42M	570.82M	427.30M	398.52M	395.18M	262.85M
Cash Flow
Free Cash Flow	142.58M	121.50M	319.00K	-80.76M	-12.51M	33.86M
Operating Cash Flow	318.46M	240.97M	101.35M	65.21M	130.96M	102.29M
Investing Cash Flow	-181.20M	-119.31M	-98.59M	-146.22M	-132.51M	-67.53M
Financing Cash Flow	-392.00K	-39.93M	5.42M	57.44M	-5.16M	-6.94M

Wesdome Gold Mines Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 21.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WDO, the sentiment is Neutral. The current price of 21.79 is below the 20-day moving average (MA) of 22.36, above the 50-day MA of 19.95, and above the 200-day MA of 17.45, indicating a neutral trend. The MACD of 0.70 indicates Positive momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 20.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:WDO.

Wesdome Gold Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	77 Outperform	C$4.75B	15.83	45.10%	―	131.16%	648.58%
WDO	76 Outperform	C$3.43B	14.16	39.89%	―	81.12%	514.82%
CXB	69 Neutral	―	―	―	―	20.03%	-46.48%
CG	68 Neutral	$3.09B	30.10	4.38%	1.81%	-4.17%	-40.92%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ORA	51 Neutral	―	―	―	―	39.55%	-89.48%
AAUC	48 Neutral	C$2.93B	―	-37.26%	―	36.21%	33.44%

Wesdome Gold Mines Corporate Events

Wesdome Gold Mines Achieves Record Quarterly Production in Q3 2025

Wesdome Gold Mines Ltd reported record quarterly gold production for Q3 2025, driven by exceptional performance at its Eagle River mine. Despite challenges at the Kiena mine, which faced a longer than planned hoist shutdown, the company remains on track to meet its full-year production guidance. With strong production and high gold prices, Wesdome has strengthened its financial position, holding $266 million in cash and over $600 million in total liquidity. The company has filed a notice for a normal course issuer bid and continues to focus on responsible mining, as highlighted in its recent Environmental, Social, and Governance Report.

The most recent analyst rating on (TSE:WDO) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Wesdome Gold Mines stock, see the TSE:WDO Stock Forecast page.

Wesdome Gold Mines Announces Share Repurchase Plan

Wesdome Gold Mines Ltd. announced its intention to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 2% of its public float over the next 12 months, pending approval from the Toronto Stock Exchange. This move reflects the company’s strong financial position, with no debt and a growing cash reserve, allowing it to fund growth initiatives while returning capital to shareholders through share repurchases. The NCIB is seen as a strategic use of liquidity to enhance per-share value, demonstrating Wesdome’s commitment to disciplined capital allocation and shareholder value.

The most recent analyst rating on (TSE:WDO) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Wesdome Gold Mines stock, see the TSE:WDO Stock Forecast page.

Wesdome Gold Mines Appoints New CFO to Strengthen Financial Leadership

Wesdome Gold Mines Ltd has appointed Philip C. Yee as the new Chief Financial Officer, effective September 29, 2025. Yee brings extensive experience in the mining industry, having previously served in senior financial roles at major gold companies. This strategic appointment is expected to enhance Wesdome’s financial leadership as it continues to focus on long-term value creation. The company is also searching for a new audit chair following Yee’s resignation from the position.

The most recent analyst rating on (TSE:WDO) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on Wesdome Gold Mines stock, see the TSE:WDO Stock Forecast page.

Wesdome Gold Mines Extends High-Grade Zone at Eagle River

Wesdome Gold Mines Ltd. announced significant exploration updates at its Eagle River mine, highlighting the extension of the high-grade 6 Central Zone by 300 meters. The exploration results, including high-grade intercepts, suggest strong potential for resource expansion and future resource conversion. The company is also making progress in other zones, such as the Falcon 311 and 720 Falcon Zones, with promising drilling results indicating potential for mineable inventory additions and exploration expansion. These developments underscore Wesdome’s commitment to enhancing its resource base and strengthening its position in the gold mining sector.

The most recent analyst rating on (TSE:WDO) stock is a Buy with a C$19.00 price target. To see the full list of analyst forecasts on Wesdome Gold Mines stock, see the TSE:WDO Stock Forecast page.

Wesdome Gold Mines’ Earnings Call: Record Gains Amid Challenges

Wesdome Gold Mines’ recent earnings call painted a mixed picture, highlighting a record-breaking financial performance juxtaposed with operational hurdles at Kiena. While Eagle River’s robust results and strategic initiatives like the acquisition of Angus Gold offer promising growth prospects, challenges at Kiena, including equipment availability and increased production costs, present significant obstacles.

Wesdome Gold Mines Reports Record Q2 2025 Financial Performance

Wesdome Gold Mines Ltd reported strong financial results for the second quarter of 2025, with significant improvements in safety performance and financial metrics. The company achieved record net income, EBITDA, and liquidity, driven by higher gold prices and strategic operational enhancements. The acquisition of Angus Gold has expanded the Eagle River land package, and the company is focused on improving production capabilities at both Eagle River and Kiena, with updated full-year guidance reflecting these efforts.

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.