Ronald James Jonathan Lawrence Sells 1,557 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Ronald James Jonathan Lawrence sold 1,557 shares of Wesdome Gold Mines stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total transaction of C$35,593.02. Following the transaction, the insider directly owned 1,259 shares of the company’s stock, valued at approximately C$28,780.74. This represents a 55.29% decrease in their ownership of the stock.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO opened at C$21.94 on Friday. 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 Ltd. has a 12 month low of C$15.21 and a 12 month high of C$27.64. The company has a market capitalization of C$3.39 billion, a price-to-earnings ratio of 9.50 and a beta of 1.15. The firm’s 50-day moving average is C$24.18 and its 200 day moving average is C$22.69.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.78 earnings per share (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 during the quarter. Research analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Trending Headlines about Wesdome Gold Mines

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

• Positive Sentiment: Company launched a Normal Course Issuer Bid to repurchase shares, which reduces float and signals management confidence in valuation—this is a direct, short‑term support for the stock. Read More.
• Positive Sentiment: Management promoted Tyler Mitchelson to full‑time COO; the market views this as strengthening operational continuity at Wesdome’s high‑grade assets (Eagle River, Kiena), which can support execution and cash flow consistency. Read More.
• Neutral Sentiment: Recent fundamentals remain strong (Q1 C$0.78 EPS, high margins/ROE) and several analysts have raised price targets (consensus ≈ C$29). These underwrite medium‑term upside but are likely already reflected in current multiples. Read More.
• Negative Sentiment: Clustered insider and director selling on March 25 — roughly 11,425 shares sold at ~C$22.86 (including a 4,100‑share sale by director Anthea Bath) — could spook short‑term traders and add supply into the market despite the buyback. The volume and timing of multiple insider exits are the primary bearish signal today. Read More.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WDO. TD Securities boosted their price objective on Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. National Bank Financial lifted their target price on Wesdome Gold Mines from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a research report on Friday, March 13th. Canaccord Genuity Group lowered 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 note on Monday, January 26th. Finally, Royal Bank Of Canada upped their price target on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. 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.

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.