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

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

Wesdome Gold Mines Stock Performance

TSE WDO traded up C$1.00 during trading hours on Wednesday, hitting C$23.07. The company had a trading volume of 383,549 shares, compared to its average volume of 982,278. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 5.80. Wesdome Gold Mines Ltd. has a 1-year low of C$15.21 and a 1-year high of C$27.64. The company has a market cap of C$3.56 billion, a PE ratio of 9.99 and a beta of 1.15. The business has a 50 day moving average of C$24.31 and a 200-day moving average of C$22.69.

Wesdome Gold Mines (TSE:WDO) last issued 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 return on equity of 44.53% and a net margin of 38.22%.The company had revenue of C$287.88 million for the quarter. As a group, equities research analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on WDO. Royal Bank Of Canada lifted their price target on Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. National Bank Financial increased 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. Canaccord Genuity Group lowered shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and raised their target price for the stock from C$27.00 to C$28.00 in a research report on Monday, January 26th. Finally, TD Securities lifted their target price on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wesdome Gold Mines presently has an average rating of “Hold” and an average target price 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.