Robert Kallio Sells 3,348 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 3,348 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of C$23.89, for a total value of C$79,983.72. Following the completion of the transaction, the insider directly owned 2,000 shares in the company, valued at approximately C$47,780. This represents a 62.60% decrease in their position.

Robert Kallio also recently made the following trade(s):

• On Monday, June 29th, Robert Kallio sold 4,341 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.11, for a total value of C$104,661.51.
• On Monday, June 29th, Robert Kallio sold 2,029 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$24.14, for a total value of C$48,980.06.

Wesdome Gold Mines Price Performance

Shares of WDO traded up C$1.60 during midday trading on Thursday, reaching C$25.95. The stock had a trading volume of 621,984 shares, compared to its average volume of 862,546. The company has a current ratio of 6.03, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The company has a market capitalization of C$3.85 billion, a price-to-earnings ratio of 9.68 and a beta of 1.17. The company’s 50-day moving average is C$26.25 and its 200 day moving average is C$25.15. Wesdome Gold Mines Ltd. has a 12-month low of C$15.94 and a 12-month high of C$30.98.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Tuesday, May 12th. The company reported C$0.79 EPS for the quarter. The company had revenue of C$299.79 million for the quarter. Wesdome Gold Mines had a net margin of 39.54% and a return on equity of 46.09%. On average, equities analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. 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 research note on Friday, March 13th. Desjardins raised their price target on shares of Wesdome Gold Mines from C$32.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Canaccord Genuity Group raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their price objective for the company from C$30.00 to C$31.00 in a research note on Monday, June 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Wesdome Gold Mines has an average rating of “Moderate Buy” and a consensus price target of C$30.14.

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.