Wesdome Gold Mines (TSE:WDO) Insider Sells C$14,196.06 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Joanna Miller sold 621 shares of the 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$14,196.06. Following the sale, the insider directly owned 32,498 shares in the company, valued at C$742,904.28. This trade represents a 1.88% decrease in their ownership of the stock.

Wesdome Gold Mines Trading Up 3.6%

Wesdome Gold Mines stock opened at C$22.74 on Friday. Wesdome Gold Mines Ltd. has a 1 year low of C$15.21 and a 1 year high of C$27.64. The firm’s 50-day moving average is C$24.11 and its 200-day moving average is C$22.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 5.80. The company has a market cap of C$3.51 billion, a P/E ratio of 9.84 and a beta of 1.15.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.78 earnings per share for the quarter. The business had revenue of C$287.88 million during the quarter. Wesdome Gold Mines had a net margin of 38.22% and a return on equity of 44.53%. On average, equities analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on WDO shares. Royal Bank Of Canada upped their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a report on Wednesday, December 10th. TD Securities raised their price target on Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. National Bank Financial boosted 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. Finally, Canaccord Genuity Group downgraded Wesdome Gold Mines from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$27.00 to C$28.00 in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Wesdome Gold Mines currently has a consensus rating of “Hold” and an average target price of C$29.00.

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.