Wesdome Gold Mines downgraded to market perform by BMO Capital Markets

BMO Capital Markets has downgraded Wesdome Gold Mines from an ‘outperform’ rating to a ‘market perform’ rating. Despite the downgrade, the firm increased its price objective for the stock to C$34.00, up from a previous target of C$30.00.

This move follows a series of varying analyst actions for the company. Recent assessments include an upgrade to ‘strong-buy’ by Stifel Nicolaus, a shift to ‘buy’ by Canaccord Genuity Group, and an upgrade to ‘outperform’ by National Bank Financial. The company’s consensus rating remains a ‘Buy’ with an average price target of C$33.00.