Insider Selling: Wesdome Gold Mines (TSE:WDO) Insider Sells C$20,071.08 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 878 shares of the firm’s 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$20,071.08. Following the completion of the transaction, the insider owned 2,709 shares of the company’s stock, valued at approximately C$61,927.74. This represents a 24.48% decrease in their position.

Wesdome Gold Mines Trading Up 3.6%

TSE:WDO opened at C$22.74 on Friday. Wesdome Gold Mines Ltd. has a 52-week low of C$15.21 and a 52-week high of C$27.64. The company has a quick ratio of 0.37, a current ratio of 5.80 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of C$24.11 and a 200-day simple moving average of C$22.71. The company has a market capitalization of C$3.51 billion, a PE ratio of 9.84 and a beta of 1.15.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WDO. TD Securities raised their price objective on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. National Bank Financial upped their target price 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. Canaccord Genuity Group cut Wesdome Gold Mines from a “buy” rating to a “hold” rating and increased their target price for the company from C$27.00 to C$28.00 in a report on Monday, January 26th. Finally, Royal Bank Of Canada raised their price target on Wesdome Gold Mines from C$25.00 to C$29.00 in a research report 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. Based on data from MarketBeat, Wesdome Gold Mines presently has a consensus 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.