The Globe and Mail reports in its Friday, Feb. 14, edition that Desjardins Securities analyst Allison Carson has elevated her recommendation for Wesdome Gold Mines to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Ms. Carson gave her share target a $2.50 boost to $17.50. Analysts on average target the shares at $16.86. Ms. Carson says in a note: "We have upgraded Wesdome Gold Mines following a solid performance at both its mines in 2024. In addition, 2025 guidance outlines production growth in the year ahead. We have been encouraged by exploration results at Eagle River, particularly with results located near current infrastructure which have the potential to extend the minelife with limited capex. At Kiena, we believe the addition of the Presqu'ile ramp in 2025 should help the company with its 'ill the mill' strategy and unlock the potential from the deposits located along the rehabilitated 33 level. We expect that minelife extension and an acquisition are potential opportunities for the stock to rerate."
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