Wesdome Gold Mines (TSE:WDO) Director Anthea Ingrid Bath Sells 4,100 Shares of Stock

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

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock opened at C$23.04 on Thursday. The firm has a 50-day moving average of C$24.25 and a two-hundred day moving average of C$22.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.80 and a quick ratio of 0.37. Wesdome Gold Mines Ltd. has a 1 year low of C$15.21 and a 1 year high of C$27.64. The stock has a market cap of C$3.56 billion, a price-to-earnings ratio of 9.97 and a beta of 1.15.

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

Key Stories Impacting Wesdome Gold Mines

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

• Positive Sentiment: Appointment of full‑time COO — Management promoted Tyler Mitchelson to full‑time Chief Operating Officer, a move analysts view as improving operational continuity and supporting a potential re‑rating of the stock given recent strong operational results. Assessing Wesdome Valuation After Appointing Tyler Mitchelson
• Neutral Sentiment: Recent fundamentals — Wesdome reported solid quarterly results in March (C$0.78 EPS, strong margins and ROE) and trades at a low mid‑single‑digit P/E relative to peers, which helps explain why the stock remains buoyant despite insider activity. Wesdome MarketBeat Profile
• Negative Sentiment: Cluster of insider/director sales — Multiple insiders and a director sold a combined ~11,425 shares on March 25 at an average price of C$22.86 (total proceeds ≈ C$261k). Sellers included director Anthea Ingrid Bath (4,100 shares, ~9.2% position reduction) and several insiders (James Dainard, Rajbir Gill, Robert Kallio, Ronald Lawrence, Kevin Lonergan, Joanna Miller, Patricia Moran) who reduced holdings by between ~1.9% and 55.3%. While not large relative to free float, the coordinated timing can be perceived negatively by short‑term traders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. TD Securities upped their price target on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. National Bank Financial increased their price objective on shares of 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. Finally, Canaccord Genuity Group downgraded shares of 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Wesdome Gold Mines has an average rating of “Hold” and a consensus 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.