Wesdome Gold Mines' Price Target Raised to $22 from $19.75 at National Bank of Canada

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Wesdome Gold Mines' Price Target Raised to $22 from $19.75 at National Bank of Canada

, MT Newswires - 11:14 AM ET 3/26/2025 default

11:14 AM EDT, 03/26/2025 (MT Newswires) -- National Bank of Canada maintained its outperform rating on the shares of Wesdome Gold Mines ( WDOFF ) while raising its price target to $22.00 from $19.75 following the company's fourth-quarter results.

The bank rolled the discounted cash flow forward and updated its model for the company. For 2025, the bank modeled Wesdome's consolidated production of 200,000 ounces, in line with the midpoint of the 2025 guidance range of 190,000 to 210,000 ounces.

After model updates, the bank's net asset value per share for Wesdome rose 3.0% to $14.23.

Price: 16.35, Change: -0.20, Percent Change: -1.21

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