Wesdome Gold Mines (TSE:WDO) Director Anthea Ingrid Bath Sells 7,315 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 7,315 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$24.63, for a total value of C$180,168.45. Following the transaction, the director owned 45,753 shares in the company, valued at C$1,126,896.39. This trade represents a 13.78% decrease in their ownership of the stock.

Wesdome Gold Mines Trading Up 6.6%

TSE:WDO traded up C$1.60 during mid-day trading on Thursday, reaching C$25.95. The company’s stock had a trading volume of 621,984 shares, compared to its average volume of 862,546. The company’s fifty day simple moving average is C$26.25 and its two-hundred day simple moving average is C$25.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.03 and a quick ratio of 0.37. Wesdome Gold Mines Ltd. has a twelve month low of C$15.94 and a twelve month high of C$30.98. The stock has a market cap of C$3.85 billion, a P/E ratio of 9.68 and a beta of 1.17.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.79 EPS for the quarter. Wesdome Gold Mines had a return on equity of 46.09% and a net margin of 39.54%.The company had revenue of C$299.79 million during the quarter. On average, equities analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Wall Street Analysts Forecast Growth

WDO has been the topic of a number of recent analyst reports. National Bank Financial increased their price target on shares of 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. Canaccord Genuity Group upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$30.00 to C$31.00 in a report on Monday, June 1st. Finally, Desjardins lifted their target price on Wesdome Gold Mines from C$32.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wesdome Gold Mines presently has a consensus rating of “Moderate Buy” and an average target price of C$30.14.

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.