How Wesdome Gold Mines (TSX:WDO) Story Is Shifting With New Targets And Fair Value Assumptions

Simply Wall St

Wed, February 11, 2026 at 10:13 AM GMT+9 4 min read

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Why the Wesdome Gold Mines Price Target Just Shifted

The recent change in Wesdome Gold Mines fair value estimate from $28.56 to $29.25 reflects updated assumptions around how its existing operations might perform, including a move in modeled revenue growth from 15.57% to 18.41%. Analysts who support the higher fair value point to the idea that better use of current assets, rather than new projects, could justify the revised outlook, while others remain cautious given the execution risk behind those growth assumptions. Investors can monitor how this story develops as new information and analyst views emerge.

Analyst Price Targets don’t always capture the full story. Head over to our Company Report to find new ways to value Wesdome Gold Mines.

What Wall Street Has Been Saying

🐂 Bullish Takeaways

Recent research from Stifel and CIBC points to a more constructive tone on Wesdome Gold Mines, with both firms lifting their price targets by C$4 and tying those changes to updated views on the company’s outlook.

Bullish analysts highlight potential in Wesdome’s existing operations, with a focus on execution and growth momentum as reasons to revisit valuation assumptions rather than relying on new projects.

Supportive commentary from these firms also touches on management’s ability to use current assets more effectively, which they see as important for sustaining revenue growth and supporting the higher fair value range.

🐻 Bearish Takeaways

On the other side, Canaccord, through analyst Carey, recently downgraded Wesdome Gold Mines, signaling that not all firms are aligned with the more optimistic targets from Stifel and CIBC.

The downgrade reflects a more cautious stance on execution risk and near term uncertainties, with Canaccord effectively questioning how much of the growth story is already reflected in current valuation.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

TSX:WDO 1-Year Stock Price Chart

What’s in the News

Wesdome has outlined its largest exploration program planned for 2026, with a $55 million budget and more than 270,000 metres of underground and surface drilling. The program is aimed at extending reserve life and supporting a longer term production profile at Eagle River and Kiena.

The 2026 exploration plan focuses on replacing and growing reserves, expanding resource inventories, and testing a pipeline of near mine growth opportunities. The company expects to provide regular updates through the year.

For 2026, Wesdome has issued consolidated production guidance of 180,000 oz to 205,000 oz of gold, with expected grades in the 10.0 g/t to 12.0 g/t range.

Wesdome reported fourth quarter 2025 ore milled of 147,270 tonnes with gold production of 46,638 oz, and full year 2025 ore milled of 476,614 tonnes with gold production of 185,575 oz. The company also reported exploration work at Eagle River and Kiena that targets resource potential, updated mineral resource estimates, and assessment of open pit and new vein opportunities across several zones.

 






Story Continues  

How This Changes the Fair Value For Wesdome Gold Mines

Fair Value: updated from $28.56 to $29.25, a small upward move in the modelled equity value.

Discount Rate: adjusted from 7.16% to 7.33%, indicating a slightly higher required return in the updated assumptions.

Revenue Growth: revised from 15.57% to 18.41%, pointing to higher modelled top line expansion in future periods.

Net Profit Margin: moved from 41.50% to 42.22%, reflecting a modestly higher earnings contribution per dollar of revenue in the forecasts.

Future P/E: reduced from 10.44x to 9.82x, implying a lower valuation multiple applied to the updated earnings outlook.

🔔 Never Miss an Update: Follow The Narrative

Narratives on Simply Wall St let you connect the story you believe about a company with the numbers behind it, including future revenue, earnings, margins and a fair value. Each Narrative links a company’s business drivers to a forecast and then to a valuation, and compares that fair value to the current share price to help you decide when to act. They sit inside the Community page, are easy to follow, and update automatically as new news or earnings are released.

If you want the full story behind the latest Wesdome Gold Mines assumptions, follow the original Narrative on Simply Wall St: WDO: Expanded 2026 Exploration Program And Execution Will Drive Future Upside. You will be kept up to date on:

How operational improvements at Eagle River and Kiena tie into revenue, margin and earnings forecasts and the latest fair value of $29.25.

The implications of Wesdome’s 2026 exploration program and drilling budget for mine life, reserves and long term production assumptions.

Key risks around concentration at a few core assets, cost pressures, and how these could affect the Narrative’s fair value and P/E expectations.

Curious how numbers become stories that shape markets? Explore Community Narratives

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include WDO.TO.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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