Wesdome Gold Mines (TSE:WDO) Insider James Nicholas Dainard Sells 610 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider James Nicholas Dainard sold 610 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total value of C$13,944.60. Following the sale, the insider directly owned 1,248 shares in the company, valued at approximately C$28,529.28. The trade was a 32.83% decrease in their position.

Wesdome Gold Mines Trading Up 4.4%

Shares of WDO stock opened at C$23.04 on Thursday. The firm has a 50-day moving average price of C$24.25 and a 200 day moving average price of C$22.70. Wesdome Gold Mines Ltd. has a twelve month low of C$15.21 and a twelve month high of C$27.64. The company has a market capitalization of C$3.56 billion, a price-to-earnings ratio of 9.97 and a beta of 1.15. 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 (TSE:WDO) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.78 earnings per share (EPS) for the quarter. The company 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%. Research analysts forecast that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on WDO. Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price target for the company from C$27.00 to C$28.00 in a report on Monday, January 26th. National Bank Financial lifted 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 research report on Friday, March 13th. TD Securities increased their target price on Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their price target on Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$29.00.

Key Wesdome Gold Mines News

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

• Positive Sentiment: Company launched a Normal Course Issuer Bid (NCIB) to repurchase shares, which reduces float and signals management’s confidence in valuation — a clear near‑term support for the share price. Wesdome launches share buybacks
• Positive Sentiment: Management promoted Tyler Mitchelson to full‑time Chief Operating Officer — a move investors/analysts view as improving operational continuity and execution at high‑grade assets (Eagle River, Kiena), which supports valuation re‑rating potential. Assessing Wesdome valuation after COO appointment
• Neutral Sentiment: Recent fundamentals remain solid (Q1: C$0.78 EPS, strong margins/ROE) and several analysts have lifted targets (consensus ≈ C$29). These support medium‑term upside but already factor into the stock’s current multiples. Wesdome MarketBeat profile
• Negative Sentiment: Multiple insiders and a director sold a block of shares on March 25 (combined ≈11,425 shares at ~C$22.86), including a 9.2% reduction by director Anthea Bath; while not massive versus float, the clustered timing can spook short‑term traders and add selling pressure. Insider trades report

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.