The Globe and Mail reports in its Friday, July 17, edition that CIBC World Markets analyst Luke Bertozzi has elevated his recommendation for Wesdome Gold Mines to "outperformer" from "neutral" following visits to the company's Kiena and Eagle River projects earlier this month. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Bertozzi boosted his share target by a loonie to $32. Mr. Bertozzi says in a note: "We believe Kiena is reaching a long-awaited operational inflection point, while Eagle River's weaker Q2 appears to reflect a temporary, sequencing-related blip at an otherwise consistently strong operation. Beyond the near-term operational improvements, the company is working to demonstrate the potential of additional deposits within the Eagle River complex. Importantly, Wesdome continues to generate meaningful free cash flow, supporting shareholder returns while funding ongoing optimization and exploration." The Globe reported on July 3 that National Bank Financial analyst Don DeMarco had upgraded his recommendation for Wesdome Gold Mines to "outperform" from "sector perform." The shares could then be had for $28.26.