Wesdome Gold Mines Ltd. has released its third quarter production results, maintaining its production guidance for 2026.
Wesdome Gold Mines Ltd. announced its third quarter 2026 production results, confirming that its production guidance for the year remains unchanged. The stock closed at C$31.40, reflecting a 9.01% decline in price for the day, an 8.85% decrease over the past week, and a 10.36% decline over the past month. Year-to-date, the stock has seen an increase of 44.70%.
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Wesdome Gold Mines Ltd.
WDO.TO
WDO.TO
Wesdome Gold Mines Ltd.
WealthAwesomeMarket cap
$4.54B
P/E
12.0x
52W high
$37.22
52W low
$19.46
1W change
-5.83%
Beta
0.83
Analyst Price Targets
Based on analyst covering WDO · as of Oct 5, 2026
Wall Street analysts forecast WDO stock price to rise 13.3% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$35.88
+13.3% Upside
Previously C$35.63 on Sep 29, 2026
Current Price
C$31.65
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WDO's historical volatility
30-Day Vol
58.2%
Annualized
90-Day Vol
62.5%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$37.84
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$33.59 | C$27.48 – C$41.07 |
| 60 trading days | C$35.65 | C$26.83 – C$47.37 |
| 90 trading days | C$37.84 | C$26.72 – C$53.59 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors may want to monitor Wesdome's production performance closely as it aligns with their guidance for the year.
Wesdome's Latest Production Results and Stock Performance
The stock closed at C$31.40 after a 1-day decline of 9.01%, with trading volume nearly double the 20-day average.
Bull case
Maintaining production guidance indicates that Wesdome is operating steadily, which could lead to continued revenue generation.
Bear case
The recent stock performance raises concerns among investors, highlighted by the 9.01% drop in share price following the announcement.
Wesdome's Production Results
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Wesdome Gold Mines Ltd. has announced its production results for the third quarter of 2026, confirming that it will maintain its production guidance for the remainder of the year. The company's operational consistency is critical as they navigate the fluctuating gold market. Currently, Wesdome's stock is positioned at C$31.40, which is approximately 16.6% below its 50-day moving average of C$33.75 and 14.3% above its 200-day moving average of C$27.48.
Stock Performance and Trading Volume
Following the announcement, Wesdome's stock experienced a notable decline of 9.01%, closing at C$31.40. The trading volume was reported at 1,232,749 shares, significantly higher than the 20-day average volume of 643,932 shares, indicating increased investor activity. The stock's performance over the last month has been particularly concerning, with a decline of 10.36%. Despite the recent downturn, the stock has maintained a year-to-date gain of 44.70%, suggesting that overall market sentiment had been positive before this announcement.
What’s Next for Wesdome?
Investors will likely be keeping a close eye on Wesdome's production levels and operational efficiency as the year progresses. The stock has a P/E ratio of 10.33 and a profit margin of 38.5%, indicating a potentially favorable valuation relative to its earnings. Additionally, the average analyst target for the stock is C$35.88, implying an upside of approximately 14.3% from the current price. Monitoring the company's ability to meet its production targets will be essential for investors looking to gauge future performance.
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