Insider Selling: Wesdome Gold Mines (TSE:WDO) Director Sells 4,100 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 4,100 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total transaction of C$93,726.00. Following the completion of the transaction, the director directly owned 40,456 shares in the company, valued at C$924,824.16. This trade represents a 9.20% decrease in their position.

Wesdome Gold Mines Price Performance

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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$27.00 to C$28.00 in a research report on Monday, January 26th. TD Securities raised their price target on Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. National Bank Financial lifted 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. Finally, Royal Bank Of Canada upped their price objective on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wesdome Gold Mines currently has an average 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.