Wesdome Gold Mines (WDO) AI Stock Analysis

• Market Cap: C$3.65B
• Dividend Yield: N/A
• Average Volume (3M): 941.87K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 1.57
• Revenue Growth: 69.33%
• EPS Growth: 253.46%
• Country: CA
• Employees: 301
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.58
• Shares Outstanding: 150,969,000
• 10 Day Avg. Volume: 742,794
• 30 Day Avg. Volume: 941,870
• PEG Ratio: >-0.01
• Price to Book (P/B): 3.38
• Price to Sales (P/S): 3.46
• P/FCF Ratio: 15.89
• 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$27.50
• Price Target Upside: 13.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: C$25.00 ▲(3.52% Upside)

Wesdome Gold Mines scores highly due to its strong financial performance, highlighted by robust profitability and cash flow generation. The positive earnings call further supports the company's operational success and strategic positioning. While technical indicators suggest some caution, the overall outlook remains positive, driven by effective management and growth potential.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and operational efficiency, positioning Wesdome well for sustained financial performance.

Cash Position

A strong cash position enhances financial flexibility, allowing Wesdome to invest in growth opportunities and weather industry volatility.

Exploration Success

Successful exploration can lead to resource expansion, supporting long-term production growth and enhancing competitive positioning.

Negative Factors

Challenges at Kiena

Operational challenges at Kiena, including higher costs, could impact profitability and production targets, posing risks to overall performance.

Labor Turnover Issues

Labor issues can disrupt operations and increase costs, affecting efficiency and potentially delaying project timelines, impacting long-term stability.

Permit Delays

Permit delays could hinder production expansion and operational planning, affecting growth prospects and financial outcomes.

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 generates revenue primarily through the production and sale of gold. The company mines gold ore from its operational sites, processes it, and sells the refined gold to various customers, including bullion dealers and other precious metal markets. Key revenue streams include the sale of gold bullion, which is influenced by global gold prices, and the extraction of gold from ore processed at its milling facilities. Additionally, Wesdome may benefit from partnerships with other mining companies or suppliers that enhance its operational efficiency or provide access to new markets. Factors contributing to its earnings include the prevailing gold prices, production volumes, and operational efficiency, as well as exploration success that can lead to the discovery of additional gold reserves.

Wesdome Gold Mines Financial Statement Overview

Summary

Wesdome Gold Mines exhibits a robust financial profile with strong profitability, minimal leverage, and improved cash flow generation. The company has effectively managed its operations to achieve high margins and growth, while maintaining a conservative balance sheet. This positions the company well for future growth and stability in the gold industry.

Income Statement

Wesdome Gold Mines shows strong income statement performance with a significant improvement in gross profit margin to 55.33% and net profit margin to 33.18% in TTM. Revenue growth rate of 11.50% indicates a positive trajectory. EBIT and EBITDA margins are robust at 50.73% and 63.79%, respectively, reflecting operational efficiency. The company has successfully turned around from previous losses, showcasing strong profitability.

Balance Sheet

The balance sheet is solid with a very low debt-to-equity ratio of 0.05%, indicating minimal leverage and financial risk. Return on equity is impressive at 39.21%, suggesting effective use of equity capital. The equity ratio stands at 80.21%, highlighting a strong equity base relative to total assets. Overall, the balance sheet reflects financial stability and prudent management.

Cash Flow

Cash flow performance is strong with a 33.03% growth in free cash flow, indicating improved cash generation capabilities. The operating cash flow to net income ratio is high at 4.47, demonstrating efficient cash conversion. Free cash flow to net income ratio is 0.45, showing a healthy cash flow relative to profits. The company has significantly improved its cash flow position, enhancing financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	809.06M	558.18M	333.17M	265.48M	262.91M	215.47M
Gross Profit	469.97M	241.86M	37.75M	51.11M	117.29M	90.08M
EBITDA	528.31M	307.74M	93.63M	46.58M	218.37M	102.95M
Net Income	288.72M	135.47M	-6.19M	-14.71M	131.29M	50.72M
Balance Sheet
Total Assets	1.04B	746.65M	618.96M	619.13M	553.72M	358.58M
Cash, Cash Equivalents and Short-Term Investments	265.89M	123.10M	41.37M	33.19M	56.76M	63.48M
Total Debt	268.00K	881.00K	42.46M	63.98M	14.57M	11.51M
Total Liabilities	204.85M	175.84M	191.66M	220.61M	158.54M	95.73M
Stockholders Equity	830.31M	570.82M	427.30M	398.52M	395.18M	262.85M
Cash Flow
Free Cash Flow	189.67M	121.50M	319.00K	-80.76M	-12.51M	33.86M
Operating Cash Flow	375.17M	240.97M	101.35M	65.21M	130.96M	102.29M
Investing Cash Flow	-191.04M	-119.31M	-98.59M	-146.22M	-132.51M	-67.53M
Financing Cash Flow	-760.00K	-39.93M	5.42M	57.44M	-5.16M	-6.94M

Wesdome Gold Mines Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WDO, the sentiment is Positive. The current price of 24.15 is above the 20-day moving average (MA) of 22.59, above the 50-day MA of 21.83, and above the 200-day MA of 19.05, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 67.27 is Neutral, neither overbought nor oversold. The STOCH value of 90.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WDO.

Wesdome Gold Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WDO	81 Outperform	C$3.65B	12.64	42.97%	―	69.33%	253.46%
CG	77 Outperform	C$4.16B	8.93	18.39%	1.36%	3.93%	247.84%
KNT	74 Outperform	C$5.76B	16.17	46.21%	―	81.13%	234.33%
CXB	69 Neutral	―	―	―	―	20.03%	-46.48%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AAUC	60 Neutral	C$4.25B	-74.55	-14.03%	―	49.65%	71.84%
ORA	51 Neutral	―	―	―	―	39.55%	-89.48%

Wesdome Gold Mines Corporate Events

Wesdome Gold Mines Achieves Record Q3 2025 Financial Results

Wesdome Gold Mines Ltd reported strong financial results for the third quarter of 2025, achieving new records in net income, EBITDA, and free cash flow. The company saw a 12% increase in gold production compared to the previous year, with significant improvements in safety performance and operational efficiency. The Eagle River mine exceeded expectations with high production levels, while the Kiena mine is expected to improve its operational flexibility in the coming months. The company also received approval to buy back a portion of its shares, indicating confidence in its financial position.

Wesdome Gold Mines Achieves Record Q3 2025 Financial Results

Wesdome Gold Mines Ltd reported record financial results for the third quarter of 2025, with significant increases in net income, EBITDA, and cash flow. The company achieved a 12% increase in gold production and improved safety performance, while also expanding its operating margins. The strong financial performance is attributed to higher gold prices and operational efficiencies at its Eagle River and Kiena mines. Wesdome is well-positioned to meet its revised guidance and maintain strong free cash flow yields, despite adjusting Kiena’s production and cost guidance due to operational challenges.

Wesdome Discovers New Mineralized Zone at Kiena’s Dubuisson Deposit

Wesdome Gold Mines Ltd has announced the discovery of a new mineralized zone at the Dubuisson deposit within its Kiena Mine Complex. This new zone, intersected by drill hole DB-25-068, returned 4.1 g/t Au over 25.8 metres, indicating significant potential for resource expansion and future bulk-tonnage mineralization. The discovery is strategically significant due to its proximity to existing infrastructure and its geological similarities to the adjacent Goldex mine. The ongoing drilling campaign aims to further explore this underexplored deposit, with plans for additional drilling in the coming year.

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.

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.

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.