Several brokerages have updated their recommendations and price targets on shares of Wesdome Gold Mines (TSE: WDO) in the last few weeks:
- 8/21/2026 – Wesdome Gold Mines had its price target raised by Canadian Imperial Bank of Commerce from C$32.00 to C$35.00.
- 8/19/2026 – Wesdome Gold Mines had its price target raised by Desjardins from C$34.00 to C$40.00. They now have a “buy” rating on the stock.
- 8/19/2026 – Wesdome Gold Mines had its price target raised by National Bank Financial from C$34.50 to C$40.00. They now have an “outperform” rating on the stock.
- 8/19/2026 – Wesdome Gold Mines was downgraded by BMO Capital Markets from “outperform” to “hold”. They now have a C$34.00 price target on the stock, up from C$30.00.
- 7/17/2026 – Wesdome Gold Mines was upgraded by Canadian Imperial Bank of Commerce from “neutral” to “outperformer”. They now have a C$32.00 price target on the stock, up from C$31.00.
Wesdome Gold Mines Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.0306 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 15th.
Insider Transactions at Wesdome Gold Mines
In other news, insider Rajbir Gill acquired 1,047 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of C$24.02 per share, with a total value of C$25,148.94. Following the purchase, the insider owned 24,669 shares of the company’s stock, valued at approximately C$592,549.38. This represents a 4.43% increase in their ownership of the stock. Also, Director Anthea Ingrid Bath sold 66,961 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total value of C$2,085,835.15. Following the transaction, the director directly owned 130,128 shares of the company’s stock, valued at C$4,053,487.20. This represents a 33.98% decrease in their position. Insiders have sold a total of 84,394 shares of company stock valued at $2,509,289 in the last quarter. Company insiders own 0.17% of the company’s stock.
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.
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