The Globe and Mail reports in its Tuesday, March 19, edition that CIBC World Markets analyst Allison Carson, emphasizing Wesdome Gold Mines' "high-grade" assets and near-term growth potential, commenced coverage with an "outperformer" recommendation and $12 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target shares at $9.91. Ms. Carson says in a note: "Wesdome is a Canadian mid-tier gold producer with two high-grade mines in the Tier 1 jurisdictions of Ontario and Quebec. With significant derisking completed over the past two years, the company is focused on optimizing assets and filling mills under the new management of CEO Anthea Bath, who joined Wesdome in mid-2023. We expect the company to deliver peer-leading production growth, pay down debt and produce significant free cash flow over the next two years. Our price target is based on a 50/50 net asset value (NAV) and cash flow (CF) valuation methodology. ... We believe the stock could continue to re-rate upwards as the company delivers production growth to over 200koz/year over the next two years and as it continues to grow reserves and resources. ... We believe the stock could continue to rerate upward."