Wesdome Gold Mines (TSE:WDO) Director Sells C$180,168.45 in Stock

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

Wesdome Gold Mines Stock Performance

Shares of Wesdome Gold Mines stock opened at C$28.26 on Friday. The firm has a market cap of C$4.19 billion, a PE ratio of 10.54 and a beta of 1.17. The company has a quick ratio of 0.37, a current ratio of 6.03 and a debt-to-equity ratio of 0.31. Wesdome Gold Mines Ltd. has a 52 week low of C$15.94 and a 52 week high of C$30.98. The business’s fifty day simple moving average is C$26.22 and its 200-day simple moving average is C$25.20.

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

Wall Street Analyst Weigh In

WDO has been the topic of several recent analyst reports. Stifel Nicolaus upgraded shares of Wesdome Gold Mines to a “strong-buy” rating in a report on Monday, June 29th. National Bank Financial upgraded shares of Wesdome Gold Mines from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$34.00 to C$37.00 in a report on Friday. Desjardins boosted their target price 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 upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their price target for the stock from C$30.00 to C$31.00 in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$30.86.

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.