The Globe and Mail reports in its Tuesday, Aug. 15, edition that Eight Capital analyst Ralph Profiti has lowered Wesdome Gold Mines to "neutral" from "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Profiti shaved his share target down by $1.25 to $8.75. Analysts on average target the shares at $9.47. Mr. Profiti says in a note: "We estimate Wesdome now trades at a modest P/NAV premium of 0.77 times vs. the peer group of mid-tier precious metals producers (0.1-0.5Moz) of 0.61 times, with the spread likely to tighten into YE23 as capital spending ramps up in Q3/23 at Kiena and potential downside to Kiena gold grades in H2/23 that are currently tracking ahead of FY23 guidance. As such, we remain cautious on shares ahead of clarity on positive gold grade reconciliation at Kiena and favor K92 Mining for mid-tier precious metals exposure." The Globe reported on Nov. 12 that Echelon Capital analyst Ryan Walker had downgraded Wesdome Gold Mines to "hold" from "buy." It was then worth $8.66. The Globe reported on June 20 that Canaccord Genuity analyst Jeremy Hoy had assumed coverage on Wesdome Gold Mines with a "hold" recommendation. The shares could then be had for $6.75.