Wesdome Gold Mines (TSE:WDO) Director Sells C$2,085,835.15 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 66,961 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total transaction of C$2,085,835.15. Following the transaction, the director directly owned 130,128 shares in the company, valued at C$4,053,487.20. The trade was a 33.98% decrease in their ownership of the stock.

Anthea Ingrid Bath also recently made the following trade(s):

• On Monday, June 29th, Anthea Ingrid Bath sold 7,315 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$24.63, for a total transaction of C$180,168.45.

Wesdome Gold Mines Trading Up 2.3%

Shares of WDO stock opened at C$34.97 on Friday. Wesdome Gold Mines Ltd. has a 52-week low of C$16.53 and a 52-week high of C$35.35. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.37 and a current ratio of 6.90. The company has a 50-day simple moving average of C$27.70 and a two-hundred day simple moving average of C$26.29. The company has a market capitalization of C$5.02 billion, a price-to-earnings ratio of 12.62 and a beta of 1.33.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.65 EPS for the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%. The firm had revenue of C$266.76 million during the quarter. Research analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WDO shares. Canaccord Genuity Group upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$30.00 to C$31.00 in a report on Monday, June 1st. Canadian Imperial Bank of Commerce boosted their price objective on Wesdome Gold Mines from C$32.00 to C$35.00 in a research report on Friday. BMO Capital Markets downgraded Wesdome Gold Mines from an “outperform” rating to a “hold” rating and upped their price objective for the company from C$30.00 to C$34.00 in a research note on Wednesday. Desjardins raised their target price on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, National Bank Financial lifted their target price on Wesdome Gold Mines from C$34.50 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$33.38.

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.