The Globe and Mail reports in its Thursday, June 28, edition that Desjardins Securities analyst Raj Ray raised his share target for Wesdome Gold Mines to $4 from $3.15 in reaction to recent "repeated success" in the exploration results for its Kiena Complex in Val d'Or, Que. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ray continues to rate the shares "buy." Analysts on average target the shares at $4.19. Mr. Ray says in a note: "Year-to-date results in both the primary Deep A Zone and the lower-priority secondary zones have been positive and lend support to a potential restart of operations in the near to medium term. ... While we expect continued operational improvements at Eagle River in 2018, we believe the key catalyst and upside for Wesdome relies on unearthing value via exploration and a potential restart of operations at its Kiena asset. We expect the significant news flow from exploration at Kiena to continue through 2H18, and would view sustained positive exploration results as favourable for the potential restart."