Anthea Ingrid Bath Sells 4,100 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total transaction of C$93,726.00. Following the completion of the transaction, the director directly owned 40,456 shares of the company’s stock, valued at approximately C$924,824.16. The trade was a 9.20% decrease in their position.

Wesdome Gold Mines Price Performance

Shares of WDO opened at C$21.94 on Friday. Wesdome Gold Mines Ltd. has a fifty-two week low of C$15.21 and a fifty-two week high of C$27.64. The firm’s 50 day moving average price is C$24.18 and its 200 day moving average price is C$22.69. The company has a market cap of C$3.39 billion, a P/E ratio of 9.50 and a beta of 1.15. The company has a quick ratio of 0.37, a current ratio of 5.80 and a debt-to-equity ratio of 0.36.

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

Wesdome Gold Mines News Summary

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

• Positive Sentiment: Company launched a Normal Course Issuer Bid to repurchase shares, which reduces float and signals management confidence in valuation—this is a direct, short‑term support for the stock. Read More.
• Positive Sentiment: Management promoted Tyler Mitchelson to full‑time COO; the market views this as strengthening operational continuity at Wesdome’s high‑grade assets (Eagle River, Kiena), which can support execution and cash flow consistency. Read More.
• Neutral Sentiment: Recent fundamentals remain strong (Q1 C$0.78 EPS, high margins/ROE) and several analysts have raised price targets (consensus ≈ C$29). These underwrite medium‑term upside but are likely already reflected in current multiples. Read More.
• Negative Sentiment: Clustered insider and director selling on March 25 — roughly 11,425 shares sold at ~C$22.86 (including a 4,100‑share sale by director Anthea Bath) — could spook short‑term traders and add supply into the market despite the buyback. The volume and timing of multiple insider exits are the primary bearish signal today. Read More.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. National Bank Financial lifted 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 report on Friday, March 13th. Royal Bank Of Canada increased their price target on Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. Canaccord Genuity Group cut Wesdome Gold Mines from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$27.00 to C$28.00 in a research note on Monday, January 26th. Finally, TD Securities boosted their price objective on Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Wesdome Gold Mines currently has an average rating of “Hold” and a consensus price target 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.