Wesdome Gold Mines (TSE:WDO) Insider Rajbir Gill Sells 1,829 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Rajbir Gill sold 1,829 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 transaction of C$41,810.94. Following the completion of the transaction, the insider owned 23,622 shares in the company, valued at C$539,998.92. This trade represents a 7.19% decrease in their position.

Wesdome Gold Mines Price Performance

WDO stock opened at C$23.04 on Thursday. 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 firm has a market cap of C$3.56 billion, a price-to-earnings ratio of 9.97 and a beta of 1.15. The company’s fifty day simple moving average is C$24.25 and its 200 day simple moving average is C$22.70. 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 quarterly earnings data on Wednesday, March 11th. The company reported C$0.78 earnings per share for the quarter. The firm had revenue of C$287.88 million during the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%. On average, analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.

Wesdome Gold Mines News Roundup

Here are the key news stories impacting Wesdome Gold Mines this week:

• Positive Sentiment: Company launched a Normal Course Issuer Bid (NCIB) to repurchase shares, which reduces float and signals management’s confidence in valuation — a clear near‑term support for the share price. Wesdome launches share buybacks
• Positive Sentiment: Management promoted Tyler Mitchelson to full‑time Chief Operating Officer — a move investors/analysts view as improving operational continuity and execution at high‑grade assets (Eagle River, Kiena), which supports valuation re‑rating potential. Assessing Wesdome valuation after COO appointment
• Neutral Sentiment: Recent fundamentals remain solid (Q1: C$0.78 EPS, strong margins/ROE) and several analysts have lifted targets (consensus ≈ C$29). These support medium‑term upside but already factor into the stock’s current multiples. Wesdome MarketBeat profile
• Negative Sentiment: Multiple insiders and a director sold a block of shares on March 25 (combined ≈11,425 shares at ~C$22.86), including a 9.2% reduction by director Anthea Bath; while not massive versus float, the clustered timing can spook short‑term traders and add selling pressure. Insider trades report

Analysts Set New Price Targets

Several brokerages have issued reports on WDO. National Bank Financial boosted their price target on Wesdome Gold Mines from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Friday, March 13th. TD Securities raised their price objective on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Canaccord Genuity Group downgraded shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their target price for the company from C$27.00 to C$28.00 in a research report on Monday, January 26th. Finally, Royal Bank Of Canada increased their target price on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a research note 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. According to data from MarketBeat, Wesdome Gold Mines currently has a consensus rating of “Hold” and a consensus target price of C$29.00.

Wesdome Gold Mines Company Profile

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.