Wesdome Gold Mines (TSE:WDO) Issues Earnings Results

Wesdome Gold Mines (TSE:WDO) posted its quarterly earnings results on Thursday. The company reported C$0.62 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$250.59 million for the quarter. Wesdome Gold Mines had a return on equity of 43.77% and a net margin of 38.46%.

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 Trading Up 0.3%

WDO opened at C$27.84 on Friday. 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 has a fifty-two week low of C$19.48 and a fifty-two week high of C$37.22. The firm has a market capitalization of C$4.00 billion, a PE ratio of 10.05 and a beta of 1.29. The company’s 50-day moving average is C$32.45 and its 200 day moving average is C$27.92.

Wesdome Gold Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.0306 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 15th.

Insiders Place Their Bets

In other Wesdome Gold Mines news, Director Anthea Ingrid Bath sold 66,961 shares of Wesdome Gold Mines 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 completion of the transaction, the director owned 130,128 shares in the company, valued at approximately C$4,053,487.20. The trade was a 33.98% decrease in their position. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BMO Capital Markets cut Wesdome Gold Mines from an “outperform” rating to a “hold” rating and raised their price objective for the company from C$30.00 to C$34.00 in a research note on Wednesday, August 19th. Desjardins lowered their target price on Wesdome Gold Mines from C$42.00 to C$41.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Canaccord Genuity Group cut Wesdome Gold Mines from a “buy” rating to a “hold” rating and increased their target price for the stock from C$30.00 to C$33.00 in a report on Friday, October 23rd. Stifel Nicolaus cut Wesdome Gold Mines from a “buy” rating to a “hold” rating and set a C$34.00 target price on the stock. in a report on Monday, October 19th. Finally, National Bank Financial lifted their price target on shares of Wesdome Gold Mines from C$34.50 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Wesdome Gold Mines currently has an average rating of “Moderate Buy” and an average target price of C$34.50.

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.