Anthea Ingrid Bath Sells 66,961 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 66,961 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total transaction of C$2,085,835.15. Following the sale, the director directly owned 130,128 shares of the company’s stock, valued at approximately C$4,053,487.20. The trade was a 33.98% decrease in their ownership of the stock.

Anthea Ingrid Bath also recently made the following trade(s):

• On Monday, June 29th, Anthea Ingrid Bath sold 7,315 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$24.63, for a total transaction of C$180,168.45.

Wesdome Gold Mines Stock Performance

Shares of WDO stock opened at C$34.19 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 6.90 and a quick ratio of 0.37. The company’s fifty day moving average price is C$27.51 and its two-hundred day moving average price is C$26.23. The firm has a market capitalization of C$4.91 billion, a P/E ratio of 12.34 and a beta of 1.33. Wesdome Gold Mines Ltd. has a 12 month low of C$16.31 and a 12 month high of C$35.35.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company 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, research analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Wesdome Gold Mines News Roundup

Here are the key news stories impacting Wesdome Gold Mines this week:

• Positive Sentiment: Analyst price targets raised: National Bank Financial increased its target from C$34.50 to C$40.00 and maintained an “outperform” rating, while Desjardins raised its target from C$34.00 to C$40.00 and reiterated a “buy” rating. The new targets imply roughly 17%–20% potential upside from the cited prices. BayStreet.CA analyst ratings
• Positive Sentiment: Strong quarterly performance supports the bullish case: Wesdome reported C$0.65 in quarterly EPS and C$266.76 million in revenue. Its 38.46% net margin and 43.77% return on equity indicate strong profitability, while the company’s Eagle River and Kiena mines provide exposure to elevated gold prices.
• Neutral Sentiment: Analyst sentiment remains broadly favorable but mixed: MarketBeat reported an overall “Buy” consensus, with one Strong Buy, four Buy ratings and one Hold. The consensus target of C$33.00 is below the more optimistic C$40.00 targets, suggesting some valuation caution after WDO’s substantial rally.
• Negative Sentiment: Director selling may weigh on sentiment: Director Anthea Ingrid Bath sold 66,961 shares at an average C$31.15 for approximately C$2.09 million, reducing her position by 33.98%. She still owns 130,128 shares, but the sizable transaction can be viewed as a modest bearish signal. Wesdome insider sale
• Negative Sentiment: BMO Capital Markets downgraded WDO from “outperform” to “hold,” despite raising its target from C$30.00 to C$34.00. The revised target offers little upside at current levels, indicating concern that much of the positive news may already be reflected in the stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WDO. Canadian Imperial Bank of Commerce raised shares of Wesdome Gold Mines from a “neutral” rating to an “outperformer” rating and boosted their price objective for the company from C$31.00 to C$32.00 in a research report on Friday, July 17th. Canaccord Genuity Group raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$30.00 to C$31.00 in a report on Monday, June 1st. National Bank Financial upped their target price on Wesdome Gold Mines from C$34.50 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus raised Wesdome Gold Mines to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Desjardins lifted their price target on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$33.00.

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.