Wesdome narrowly beat the quarterly EPS estimate, but lower production and higher costs temper the result.
Wesdome Gold Mines (TSX: WDO) reported third-quarter 2026 results after market close on November 4. Earnings per share were C$0.62, just above the C$0.61 estimate, a 1.64% surprise. Revenue rose 9% year over year to C$250.6 million, while gold production fell 18% and all-in sustaining costs (AISC) increased 26%. Higher gold prices lifted revenue, but both mines faced operating challenges.
Recent earnings trend
Wesdome Gold Mines Ltd.
WDO.TO
WDO.TO
Wesdome Gold Mines Ltd.
WealthAwesomeMarket cap
$4.09B
P/E
10.3x
Div. yield
0.11%
Div. / share
$0.03
52W high
$37.22
52W low
$19.46
1W change
+11.35%
Beta
0.85
Analyst Price Targets
Based on analyst covering WDO · as of Oct 26, 2026
Wall Street analysts forecast WDO stock price to rise 26.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$36.00
+26.5% Upside
Previously C$35.63 on Oct 23, 2026
Current Price
C$28.46
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
59.6%
Annualized
90-Day Vol
61.1%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$23.81
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$26.82 | C$21.83 – C$32.93 |
| 60 trading days | C$25.27 | C$18.89 – C$33.79 |
| 90 trading days | C$23.81 | C$16.68 – C$33.98 |
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.
Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-10 | — | 1.0400 | — |
| 2026-09-30 | 2026-11-03 | 0.6200 | 0.6100 | +1.6% |
| 2026-06-30 | 2026-08-13 | 0.6500 | 0.6000 | +8.3% |
| 2026-03-31 | 2026-03-31 | — | 0.7455 | — |
| 2025-12-31 | 2026-03-11 | 0.7800 | 0.6800 | +14.7% |
| 2025-09-30 | 2025-11-04 | 0.5800 | 0.5500 | +5.5% |
Investor takeaway: The EPS beat was small, and the quarter was mixed. Revenue, gross profit and EBITDA increased, but production and free cash flow fell from a year earlier as unit costs rose. Wesdome reaffirmed its 2026 production and AISC guidance and expects a stronger fourth quarter. Still, it expects both mines to finish within their guidance ranges, below the midpoint. Track the company’s results and valuation on the WDO stock page.
C$0.62 EPS, against a C$0.61 estimate
Wesdome has now beaten comparable quarterly EPS estimates four times in a row. EPS rose to C$0.62 from C$0.58 a year earlier, despite an 18% drop in production and higher costs. Investors will be watching realized gold prices and whether operations improve next quarter.
Bull case
Wesdome generated C$51.5 million in free cash flow during the quarter and ended September with C$735 million in liquidity. Management expects higher throughput at Eagle River, more mining fronts at Kiena and exploration near existing infrastructure to support future growth. The supplied fundamentals snapshot also shows a 38.46% profit margin.
Bear case
Production fell to 41,287 ounces, and AISC rose to US$1,789 per ounce sold. Management said Eagle River’s lower grade reflected the timing of a stope and sill. At Kiena, workforce planning gaps affected equipment use and the mining sequence. Forecasts and analyst estimates aren’t guarantees. Operating performance, gold prices and costs can all affect results.
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