Wesdome Gold Mines (TSE:WDO) Insider James Nicholas Dainard Sells 610 Shares

Wesdome Gold Mines Ltd. (TSE:WDO) insider James Nicholas Dainard sold 610 shares of Wesdome Gold Mines stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total transaction of C$13,944.60. Following the transaction, the insider directly owned 1,248 shares of the company’s stock, valued at C$28,529.28. This represents a 32.83% decrease in their ownership of the stock.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock traded up C$1.00 during trading hours on Wednesday, hitting C$23.07. 383,549 shares of the stock were exchanged, compared to its average volume of 982,278. The stock has a market capitalization of C$3.56 billion, a P/E ratio of 9.99 and a beta of 1.15. The business’s 50-day moving average is C$24.31 and its two-hundred day moving average is C$22.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 5.80. Wesdome Gold Mines Ltd. has a 12 month low of C$15.21 and a 12 month high of C$27.64.

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

Analysts Set New Price Targets

A number of research firms have commented on WDO. National Bank Financial boosted their price objective on 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. Royal Bank Of Canada raised their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. TD Securities upped their price target on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group lowered shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$27.00 to C$28.00 in a report on Monday, January 26th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.