Wesdome Gold Mines (TSE:WDO) Director Sells 7,315 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 7,315 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$24.63, for a total value of C$180,168.45. Following the sale, the director owned 45,753 shares in the company, valued at approximately C$1,126,896.39. The trade was a 13.78% decrease in their ownership of the stock.

Wesdome Gold Mines Price Performance

Shares of WDO stock traded up C$1.60 during mid-day 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 market cap of C$3.85 billion, a P/E ratio of 9.68 and a beta of 1.17. The company has a current ratio of 6.03, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. Wesdome Gold Mines Ltd. has a 12-month low of C$15.94 and a 12-month high of C$30.98. The business has a 50-day simple moving average of C$26.25 and a 200 day simple moving average of C$25.15.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.79 EPS for the quarter. Wesdome Gold Mines had a net margin of 39.54% and a return on equity of 46.09%. The firm had revenue of C$299.79 million for the quarter. On average, sell-side analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.

Analyst Upgrades and Downgrades

WDO has been the topic of a number of recent research reports. 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. Desjardins upped their price objective on Wesdome Gold Mines from C$32.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Canaccord Genuity Group raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their price objective for the company from C$30.00 to C$31.00 in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Wesdome Gold Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.14.

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.