Wesdome Gold Mines stock: Canaccord downgrades Wesdome Gold Mines stock to Hold at CAD 33.00
Published on 10/24/2026 at 04:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and production schedule
- Canaccord lowered its rating to Hold and set a CAD 33.00 target on October 22, 2026.
- Third-quarter production reached 41,287 ounces on October 13, 2026.
- Wesdome will publish third-quarter financial results on November 4, 2026.
Wesdome Gold Mines (CA95083R1001) faces a fresh analyst setback after Canaccord downgraded the stock to Hold from Buy and raised its price target from CAD 30.00 to CAD 33.00 on October 22, 2026, according to Markets Insider.
Three milestones shape the story
The company reported CAD 266.76 million in revenue and CAD 0.65 in earnings per share for the quarter ended June 30, 2026, according to MarketBeat. On October 13, 2026, Wesdome reported third-quarter production of 41,287 ounces and maintained full-year guidance of 180,000 to 205,000 ounces, according to Stockwatch.
That sequence leaves investors weighing weaker near-term output against the company's planned fourth-quarter ramp. The October 13 release said Eagle River ore milled rose 12.00 percent year over year in the third quarter, while Kiena ore milled increased 27.00 percent. The same release said production was expected below the midpoint of the annual guidance range.
What comes next for production?
The next test is the November 4, 2026 release of third-quarter financial results. Wesdome also scheduled a conference call and webcast for November 5, 2026, according to Stockwatch. Management has tied the second half of the year to higher throughput at Eagle River, the ramp-up of the Presqu'ile Zone and operational improvements at Kiena Deep.
The chronology is clear: revenue reached CAD 266.76 million for the quarter ended June 30, 2026; third-quarter output reached 41,287 ounces on October 13, 2026; and Canaccord set a CAD 33.00 target after its October 22, 2026 downgrade. The next reporting date and the production guidance now provide the key reference points for the company.
Wesdome keeps two mines in view
Wesdome operates the Eagle River mine in Ontario and the Kiena mine in Quebec. Its shares trade under WDO on the TSX, with a secondary OTCQX listing under WDOFF, according to the company's investor-relations page.
The continuously updated real-time quote of Wesdome Gold Mines stock.
Wesdome Gold Mines key facts
- Company: Wesdome Gold Mines Ltd.
- ISIN: CA95083R1001
- Ticker: WDO
- Primary exchange: TSX
- Market capitalization: CAD 4.1 billion (as of October 23, 2026)
- 52-week range: CAD 19.48-37.22 (as of October 19, 2026)
- Sector / Industry: Materials / Gold
- Next earnings date: November 4, 2026
Market context: Market report S&P/TSX Composite.
