Wesdome Gold Mines Ltd. (WDO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Wesdome Gold Mines Ltd. C$21.07, price C$35.60, upside -40.8%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range C$6.08 – C$37.05 · fair‑value band C$11.34 – C$38.56 · the C$35.60 price screens above the C$21.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. The company operates through Eagle River and Kiena segments.
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Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. The company operates through Eagle River and Kiena segments. It holds 100% interest in the Eagle River Mine consisting of 3 contiguous mining leases and 189 contiguous active mining claims covering an area of approximately 886 hectares located in Wawa, Ontario; and the Kiena Mine in Val d'or, Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. in February 2006. Wesdome Gold Mines Ltd. was founded in 1945 and is based in Toronto, Canada.
Stock analysis
Wesdome Gold Mines Ltd. (WDO) currently trades at C$35.60, while our model-based Fair Value estimate is C$21.07, implying the stock looks roughly 68.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$104.84 per share, and 16 of the 24 models we run sit above the C$35.60 price.
Bear case: the Asset-Based group reads lowest at C$4.37, and 8 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: C$11.34 (bear) to C$38.56 (bull), the price of C$35.60 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 78/100 (high quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wesdome Gold Mines Ltd. reported revenue of C$914M in FY2025 versus C$263M in FY2021, a compound +36.6%/yr. Reported net income was C$349M in FY2025, compounding +27.7%/yr from FY2021.
Key figures
Market cap C$5.3B (≈ $3.8B) · P/E ratio 12.9 · P/S ratio 4.91 · EPS (TTM) C$2.77 · Net margin 38.2% · Return on equity 47.4% · Return on assets (EBIT) 20.9% · Operating margin 52.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 80% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −41%, WDO screens richer than that median.
Fair Value models
Bear C$11.34Fair Value C$21.07Bull C$38.56
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (C$2.03 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+63.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+51.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.5%
Start year 2020 (pandemic). Over 10 years: +28.7% a year
Revenue growth 31 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+45.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+45.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.45% vs 39%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.36% → 56%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +4.1% a year for the price and +15.4% for the forecasts.
Compare Wesdome Gold Mines Ltd. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 238 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside−41% · Below median
Profitability
Return on equity (TTM)47% · Top 25%
Return on assets35% · Top 25%
Net margin (TTM)38% · Top 25%
Operating margin (TTM)52% · Top 25%
Growth and dividend
Revenue growth28% · Below median
Valuation Multiplesvs Gold median · lower = cheaper
P/E (TTM)12.9× · Cheaper than median
P/B4.01× · Pricier than median
P/S (TTM)3.46× · Cheaper than median
P/FCF13.5× · Cheaper than median
EV/EBITDA4.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)100· sector 17
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Wesdome Gold Mines Ltd. (WDO) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of C$21.07 versus a price of C$35.60, about −41% upside (overvalued).
What is the fair value of WDO?
Our model-based fair value for Wesdome Gold Mines Ltd. is C$21.07 (as of Sep 23, 2026), built from audited fundamentals. The current price: C$35.60.
What is the quality score of WDO?
Wesdome Gold Mines Ltd. has a Quality Score of 78/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Wesdome Gold Mines Ltd. (WDO)?
Our model-based price target is the fair value of C$21.07 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario C$11.34, optimistic scenario C$38.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Wesdome Gold Mines Ltd. stock forecast for 2026?
Our models put fair value at C$21.07, about −41% upside versus a price of C$35.60 (overvalued). Cautious scenario C$11.34, optimistic scenario C$38.56. The calculation is refreshed regularly with new filings.
What is the revenue of Wesdome Gold Mines Ltd. (WDO)?
Wesdome Gold Mines Ltd. reported trailing-twelve-month revenue of about C$1.1B (latest available figure, as of Sep 23, 2026).
What growth is priced into Wesdome Gold Mines Ltd. (WDO)?
For today's price to be fair in a discounted-cash-flow model, Wesdome Gold Mines Ltd. would have to grow free cash flow by +6.3 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +33.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of WDO use?
Our models discount Wesdome Gold Mines Ltd. at 9.2 %: a base by market capitalisation (mid), damped by beta 0.88, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Wesdome Gold Mines Ltd. that is +6.3 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Wesdome Gold Mines Ltd. (WDO) delivered so far?
Over the past 5 years revenue at Wesdome Gold Mines Ltd. grew +33.5 % a year. The price currently implies +6.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Wesdome Gold Mines Ltd. (WDO) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Wesdome Gold Mines Ltd. (+6.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wesdome Gold Mines Ltd. (WDO)?
The free-cash-flow yield on the price is 5.23 %: that much free cash flow Wesdome Gold Mines Ltd. produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wesdome Gold Mines Ltd. (WDO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wesdome Gold Mines Ltd. it is C$21.07 per share (as of Sep 23, 2026), against a price of C$35.60. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Wesdome Gold Mines Ltd. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, WDO trades above its calculated fair value: price C$35.60, fair value C$21.07, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WDO?
No. The price is what the market pays today (C$35.60); the fair value is what the company's own numbers justify (C$21.07). For Wesdome Gold Mines Ltd. the two are C$14.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wesdome Gold Mines Ltd. worth?
The market values Wesdome Gold Mines Ltd. at about C$5.3B (market capitalisation, as of Sep 23, 2026). Per share that is C$35.60; our models calculate a fair value of C$21.07 per share.
What do the bullish and bearish scenarios say about WDO?
Our models span a range for Wesdome Gold Mines Ltd.: cautious scenario C$11.34, base C$21.07, optimistic C$38.56 per share (as of Sep 23, 2026, price C$35.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WDO?
Wesdome Gold Mines Ltd. trades at a price-to-earnings ratio of 12.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$21.07 is built from several models across several years. Other multiples: P/B 4.0, P/S 3.5, EV/EBITDA 4.8.
How solid is the balance sheet of Wesdome Gold Mines Ltd. (WDO)?
Balance-sheet figures for Wesdome Gold Mines Ltd. (as of Sep 23, 2026): return on equity 47.4%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is WDO from its 52-week high?
Wesdome Gold Mines Ltd. trades at C$35.60, about 4% below its 52-week high of C$37.05 and 80% above the low of C$19.73 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of C$21.07 is for.
Which stocks are comparable to Wesdome Gold Mines Ltd.?
From the same area (Basic Materials) we also value Zijin Mining Group, Newmont Corporation, Agnico Eagle Mines Limited, Barrick Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Wesdome Gold Mines Ltd. stock attractive at the current price?
The data as of Sep 23, 2026: price C$35.60, calculated fair value C$21.07 (−41%), Quality Score 78/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WDO calculated?
We run Wesdome Gold Mines Ltd. through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$21.07, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Wesdome Gold Mines Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Wesdome Gold Mines Ltd. (WDO)?
The closing price on Sep 23, 2026 was C$35.60. Our model-based fair value is C$21.07, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wesdome Gold Mines Ltd. right now?
A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The model range is unusually wide (C$11.34 to C$38.56). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Wesdome Gold Mines Ltd. (WDO) come from?
Earnings per share at Wesdome Gold Mines Ltd. grew +36.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +22.7 %, EBIT margin +14.1 %, tax rate −2.0 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Wesdome Gold Mines Ltd.
How large is the market capitalisation of Wesdome Gold Mines Ltd. (WDO)?
The market capitalisation of Wesdome Gold Mines Ltd. is C$5.3B (≈ $3.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Wesdome Gold Mines Ltd. (WDO)?
The price-to-sales ratio of Wesdome Gold Mines Ltd. is 4.91 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wesdome Gold Mines Ltd. (WDO)?
Earnings per share at Wesdome Gold Mines Ltd. are C$2.77 (price ÷ EPS = P/E 12.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Wesdome Gold Mines Ltd. (WDO)?
The net margin of Wesdome Gold Mines Ltd. is 38.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Wesdome Gold Mines Ltd. (WDO)?
The return on equity (ROE) of Wesdome Gold Mines Ltd. is 47.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Wesdome Gold Mines Ltd. (WDO)?
On an EBIT basis the return on assets of Wesdome Gold Mines Ltd. is 20.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Wesdome Gold Mines Ltd. (WDO)?
The operating margin of Wesdome Gold Mines Ltd. is 52.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wesdome Gold Mines Ltd. (WDO)?
Revenue at Wesdome Gold Mines Ltd. is growing +27.9% versus a year earlier (3y avg +51.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Wesdome Gold Mines Ltd. (WDO)?
Earnings per share at Wesdome Gold Mines Ltd. are growing +14.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Wesdome Gold Mines Ltd. (WDO) hold?
Wesdome Gold Mines Ltd. holds more cash than debt, C$350M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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