Wesdome Gold Mines (TSE:WDO) Insider Robert Kallio Sells 878 Shares

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 878 shares of Wesdome Gold Mines stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total transaction of C$20,071.08. Following the completion of the transaction, the insider directly owned 2,709 shares of the company’s stock, valued at C$61,927.74. This trade represents a 24.48% decrease in their ownership of the stock.

Wesdome Gold Mines Stock Performance

Shares of TSE: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 quick ratio of 0.37, a current ratio of 5.80 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is C$24.31 and its 200-day moving average is C$22.69. The stock has a market capitalization of C$3.56 billion, a price-to-earnings ratio of 9.99 and a beta of 1.15. Wesdome Gold Mines Ltd. has a one year low of C$15.21 and a one year high of C$27.64.

Wesdome Gold Mines (TSE:WDO) last issued 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 for the quarter. Wesdome Gold Mines had a net margin of 38.22% and a return on equity of 44.53%. As a group, equities analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. TD Securities lifted their price target on Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$27.00 to C$28.00 in a research note on Monday, January 26th. Finally, National Bank Financial upped their price objective on Wesdome Gold Mines from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a report on Friday, March 13th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.