The Globe and Mail reports in its Friday, July 3, edition that National Bank Financial analyst Don DeMarco has upgraded his recommendation for Wesdome Mining to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. DeMarco gave his share target a $3 boost to $37. Analysts on average target the shares at $31.83. Mr. DeMarco expects the Toronto-based company to "execute on their exploration target of 2.4 million to 6.3 million ounces and the self-imposed annual reporting scorecard reflect confidence." Mr. DeMarco says in a note: "The exploration foundation has been set, and the next few years expect the company to continue to harvest resource accretion. A constructive gold price provides support. Shifts the narrative to an organic growth story from a prior focus on mine life extension. We expect Wesdome Mining to deliver into the upper end of the broad outlook ranges from FY26e 192k oz (unchanged) to FY27e 210k oz (vs. NBCCM old 192k oz, FY27O 185-220k oz, mid-point 203k oz); FY28e 215k oz (vs. NBCCM old 170k oz, FY28O 185-230k oz, mid-point 208k oz) which implies P/CF28 of five times."