Wesdome Gold Mines Ltd. (TSE:WDO) to Issue Quarterly Dividend of $0.03

Wesdome Gold Mines Ltd. (TSE:WDO) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be paid a dividend of 0.0306 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Wesdome Gold Mines Trading Up 4.6%

TSE WDO traded up C$1.54 during trading hours on Friday, hitting C$35.06. 412,898 shares of the company’s stock were exchanged, compared to its average volume of 775,606. The firm has a market cap of C$5.03 billion, a price-to-earnings ratio of 12.66 and a beta of 1.65. The stock has a 50-day simple moving average of C$30.36 and a 200 day simple moving average of C$27.46. The company has a current ratio of 6.90, a quick ratio of 0.37 and a debt-to-equity ratio of 0.73. Wesdome Gold Mines has a 1-year low of C$18.08 and a 1-year high of C$36.47.

Wesdome Gold Mines (TSE:WDO) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The firm had revenue of C$266.76 million for the quarter. Wesdome Gold Mines had a return on equity of 43.77% and a net margin of 38.46%. On average, equities analysts forecast that Wesdome Gold Mines will post 1.293456 EPS for the current fiscal year.

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.