Kevin Lonergan Sells 1,219 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Kevin Lonergan sold 1,219 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total value of C$27,866.34. Following the sale, the insider owned 2,327 shares of the company’s stock, valued at approximately C$53,195.22. This trade represents a 34.38% decrease in their ownership of the stock.

Wesdome Gold Mines Price Performance

Shares of TSE WDO traded up C$1.00 during midday trading on Wednesday, hitting C$23.07. The stock had a trading volume of 383,549 shares, compared to its average volume of 982,278. The company has a quick ratio of 0.37, a current ratio of 5.80 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of C$24.31 and a 200-day simple moving average of C$22.69. The company has a market capitalization of C$3.56 billion, a PE ratio of 9.99 and a beta of 1.15. Wesdome Gold Mines Ltd. has a 1 year low of C$15.21 and a 1 year high of C$27.64.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings results on Wednesday, March 11th. The company reported C$0.78 EPS for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%.The firm had revenue of C$287.88 million during the quarter. On average, sell-side analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WDO has been the subject of a number of research reports. Royal Bank Of Canada upped their target price on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. National Bank Financial raised their price target on shares of Wesdome Gold Mines from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Friday, March 13th. Canaccord Genuity Group lowered shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$27.00 to C$28.00 in a research report on Monday, January 26th. Finally, TD Securities upped their price objective on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$29.00.

About Wesdome Gold Mines

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.