Wesdome Gold Mines (TSX:WDO) Reports Lower Gold Production, Does The Valuation Still Look Cheap? - Yahoo Finance

AI desk brief

Wesdome Gold Mines reported Q3 gold production of 41,287 oz, down from 50,465 oz a year earlier, with nine-month output also lower, raising questions over whether the stock’s valuation can still justify the recent rally. The shares have nonetheless been strong, up 45.72% YTD and nearly 3x over three years, but the latest production miss could keep pressure on sentiment if volumes stay subdued.

On valuation, the stock trades at 10.9x P/E, slightly above its direct peer average of 10.5x but below the broader Canadian metals and mining average of 14.7x and below an estimated fair P/E of 17.5x. The note frames Wesdome as potentially undervalued on earnings, but warns that weaker production and costs could quickly change the narrative.