Wesdome Gold Mines (WDO) Stock Forecast & Price Target

C$12.00

-0.39 (-3.15%)

(As of 09/6/2024 ET)

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Wesdome Gold Mines - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Wesdome Gold Mines in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for WDO.

Consensus Price Target

C$14.38
19.79% Upside

High Forecast	C$18.00
Average Forecast	C$14.38
Low Forecast	C$8.00

According to the 7 analysts' twelve-month price targets for Wesdome Gold Mines, the average price target is C$14.38. The highest price target for WDO is C$18.00, while the lowest price target for WDO is C$8.00. The average price target represents a forecasted upside of 19.79% from the current price of C$12.00.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$14.38	C$13.02	C$11.68	C$10.88
Forecasted Upside	19.79% Upside	18.84% Upside	18.12% Upside	50.35% Upside

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WDO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WDO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Wesdome Gold Mines Stock vs. The Competition

Type	Wesdome Gold Mines	Basic Materials Companies
Consensus Rating Score	2.86	2.69
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Ventum Financial 0 of 5 stars		Boost Target		C$12.05 ➝ C$15.00	+12.11%
8/20/2024	National Bankshares 1 of 5 stars		Boost Target	Outperform	C$17.25 ➝ C$17.50	+27.74%
8/15/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$14.00 ➝ C$18.00	+28.85%
8/15/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$15.00 ➝ C$16.00	+14.53%
7/23/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$11.75 ➝ C$14.00	+5.82%
7/10/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$14.00 ➝ C$14.50	+10.94%
Get the Latest News and Ratings for WDO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Wesdome Gold Mines and its competitors with MarketBeat's FREE daily newsletter.
5/28/2024	Ventum Cap Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Ker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/9/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$13.00 ➝ C$12.00	+7.53%
10/27/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$8.25 ➝ C$8.00	+9.29%
2/7/2023	Pi Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$6.40 ➝ C$6.15	+0.16%
1/23/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$11.00 ➝ C$9.00	+36.36%
11/11/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$14.50 ➝ C$14.00	+56.25%
11/10/2022	Echelon Wealth Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Walker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:12 PM ET.

WDO Forecast - Frequently Asked Questions

What is Wesdome Gold Mines' forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Wesdome Gold Mines is C$14.38, with a high forecast of C$18.00 and a low forecast of C$8.00.
Should I buy or sell Wesdome Gold Mines stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wesdome Gold Mines in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WDO shares.
Does Wesdome Gold Mines's stock price have much upside?: According to analysts, Wesdome Gold Mines's stock has a predicted upside of 22.92% based on their 12-month stock forecasts.
What analysts cover Wesdome Gold Mines?: Wesdome Gold Mines has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, CIBC, Eight Capital, National Bankshares, and Ventum Financial in the past 90 days.
Do Wall Street analysts like Wesdome Gold Mines more than its competitors?: Analysts like Wesdome Gold Mines more than other "basic materials" companies. The consensus rating score for Wesdome Gold Mines is 2.86 while the average consensus rating score for "basic materials" companies is 2.69. Learn more on how WDO compares to other companies.