Wesdome Gold Mines Ltd.

TSX:WDO Stock Report

Market Cap: CA$1.9b

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$12.64) is trading below our estimate of fair value (CA$39.71)

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 Ratio23.3x
EarningsCA$81.26m
Market CapCA$1.89b

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 Average29.2x
CXB Calibre Mining
41.3x31.1%CA$1.8b
KNT K92 Mining
18.4x29.6%CA$2.0b
CG Centerra Gold
11.4x3.5%CA$1.7b
SSL Sandstorm Gold
45.5x20.5%CA$2.3b
WDO Wesdome Gold Mines
23.3x49.0%CA$1.9b

Price-To-Earnings vs Peers: WDO is good value based on its Price-To-Earnings Ratio (23.3x) compared to the peer average (29.2x).

Price to Earnings Ratio vs Industry

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

37 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SLI Standard Lithium
2.6xn/aUS$285.82m
APM Andean Precious Metals
2.6x-42.9%US$141.87m
THX Thor Explorations
2.7x2.5%US$137.26m
STGO Steppe Gold
2.1x-11.5%US$109.15m
WDO 23.3xIndustry Avg. 12.2xNo. of Companies37PE01632486480+
37 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WDO is expensive based on its Price-To-Earnings Ratio (23.3x) compared to the Canadian Metals and Mining industry average (12.2x).

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 Ratio23.3x
Fair PE Ratio32.2x

Price-To-Earnings vs Fair Ratio: WDO is good value based on its Price-To-Earnings Ratio (23.3x) compared to the estimated Fair Price-To-Earnings Ratio (32.2x).

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$12.64
CA$16.18
+28.0%
8.7%CA$19.00CA$14.75n/a7
Dec ’25CA$12.23
CA$15.89
+29.9%
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$7.60CA$12.2310
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 10:37
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wesdome Gold Mines Ltd. is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian QuastBMO Capital Markets Equity Research
Andrew MikitchookBMO Capital Markets Equity Research
Carey MacRuryCanaccord Genuity