Wesdome Gold Mines Ltd.

TSX:WDO Stock Report

Market Cap: CA$1.8b

Wesdome Gold Mines Valuation

Is WDO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WDO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WDO (CA$12.09) is trading below our estimate of fair value (CA$35.04)

Significantly Below Fair Value: WDO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WDO?

Key metric: As WDO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WDO. This is calculated by dividing WDO's market cap by their current earnings.
What is WDO's PE Ratio?
PE Ratio22.3x
EarningsCA$81.26m
Market CapCA$1.81b

Price to Earnings Ratio vs Peers

How does WDO's PE Ratio compare to its peers?

The above table shows the PE ratio for WDO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.4x
CXB Calibre Mining
46.8x31.1%CA$2.0b
CG Centerra Gold
12.7x-0.1%CA$1.8b
KNT K92 Mining
21x28.7%CA$2.2b
SSL Sandstorm Gold
49x86.6%CA$2.4b
WDO Wesdome Gold Mines
22.3x45.1%CA$1.8b

Price-To-Earnings vs Peers: WDO is good value based on its Price-To-Earnings Ratio (22.3x) compared to the peer average (32.4x).

Price to Earnings Ratio vs Industry

How does WDO's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

33 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SLI Standard Lithium
2.9xn/aUS$325.70m
APM Andean Precious Metals
2.4x-42.9%US$133.57m
STGO Steppe Gold
2.3xn/aUS$117.57m
DC.A Dundee
2.3xn/aUS$106.83m
WDO 22.3xIndustry Avg. 12.5xNo. of Companies33PE01632486480+
33 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WDO is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the Canadian Metals and Mining industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is WDO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WDO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.3x
Fair PE Ratio30.3x

Price-To-Earnings vs Fair Ratio: WDO is good value based on its Price-To-Earnings Ratio (22.3x) compared to the estimated Fair Price-To-Earnings Ratio (30.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WDO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$12.09
CA$15.89
+31.5%
8.3%CA$18.00CA$14.00n/a7
Nov ’25CA$12.06
CA$15.89
+31.8%
8.3%CA$18.00CA$14.00n/a7
Oct ’25CA$12.40
CA$15.64
+26.2%
9.5%CA$18.00CA$14.00n/a7
Sep ’25CA$12.89
CA$15.64
+21.4%
9.5%CA$18.00CA$14.00n/a7
Aug ’25CA$13.09
CA$14.29
+9.1%
9.6%CA$17.25CA$12.05n/a8
Jul ’25CA$11.02
CA$12.87
+16.8%
10.1%CA$15.00CA$11.00n/a9
Jun ’25CA$11.12
CA$12.69
+14.1%
10.6%CA$15.00CA$11.00n/a10
May ’25CA$10.42
CA$12.14
+16.5%
13.8%CA$14.25CA$9.65n/a11
Apr ’25CA$10.51
CA$10.70
+1.8%
15.8%CA$14.00CA$8.50n/a11
Mar ’25CA$9.29
CA$10.00
+7.6%
20.5%CA$14.00CA$7.15n/a10
Feb ’25CA$8.50
CA$9.55
+12.4%
19.8%CA$14.00CA$7.15n/a10
Jan ’25CA$7.71
CA$9.46
+22.7%
21.1%CA$14.00CA$7.60n/a10
Dec ’24CA$8.75
CA$9.46
+8.1%
21.1%CA$14.00CA$7.60n/a10
Nov ’24CA$7.46
CA$9.61
+28.8%
21.9%CA$14.00CA$7.00CA$12.0610
Oct ’24CA$7.09
CA$9.71
+37.0%
21.8%CA$14.00CA$7.00CA$12.4010
Sep ’24CA$8.49
CA$9.47
+11.5%
22.4%CA$14.00CA$7.00CA$12.8910
Aug ’24CA$6.84
CA$9.47
+38.5%
23.4%CA$14.00CA$7.00CA$13.0910
Jul ’24CA$6.90
CA$9.72
+40.9%
22.3%CA$14.00CA$7.00CA$11.0210
Jun ’24CA$7.93
CA$9.72
+22.6%
22.3%CA$14.00CA$7.00CA$11.1210
May ’24CA$8.44
CA$9.80
+16.1%
21.6%CA$14.00CA$7.00CA$10.4210
Apr ’24CA$7.74
CA$9.02
+16.5%
26.0%CA$14.00CA$6.15CA$10.5110
Mar ’24CA$6.69
CA$8.97
+34.0%
26.8%CA$14.00CA$6.00CA$9.2910
Feb ’24CA$6.32
CA$9.64
+52.5%
30.6%CA$15.00CA$6.00CA$8.5010
Jan ’24CA$7.48
CA$11.69
+56.3%
19.1%CA$15.00CA$8.10CA$7.7111
Dec ’23CA$9.81
CA$11.69
+19.2%
19.1%CA$15.00CA$8.10CA$8.7511
Nov ’23CA$8.47
CA$12.53
+48.0%
17.3%CA$15.00CA$8.10CA$7.4611

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Endeavour Mining

CA$6.9b

Operates as a gold mining company in West Africa.

EDV

CA$28.09

7D

-0.04%

1Y

-8.2%

Chemtrade Logistics Income Fund

CA$1.4b

Offers industrial chemicals and services in Canada, the United States, and South America.

CHE.UN

CA$11.50

7D

-0.3%

1Y

30.7%

Neo Performance Materials

CA$334.0m

Engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally.

NEO

CA$8.00

7D

0.6%

1Y

6.5%