Wesdome Gold Mines (TSE:WDO) Insider Sells C$79,983.72 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 3,348 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of C$23.89, for a total transaction of C$79,983.72. Following the completion of the sale, the insider owned 2,000 shares in the company, valued at C$47,780. This represents a 62.60% decrease in their ownership of the stock.

Robert Kallio also recently made the following trade(s):

• On Monday, June 29th, Robert Kallio sold 4,341 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.11, for a total transaction of C$104,661.51.
• On Monday, June 29th, Robert Kallio sold 2,029 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.14, for a total transaction of C$48,980.06.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$28.26 on Friday. The company has a current ratio of 6.03, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of C$26.22 and a two-hundred day moving average price of C$25.20. Wesdome Gold Mines Ltd. has a twelve month low of C$15.94 and a twelve month high of C$30.98. The company has a market capitalization of C$4.19 billion, a P/E ratio of 10.54 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Canaccord Genuity Group upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their target price for the company from C$30.00 to C$31.00 in a report on Monday, June 1st. Stifel Nicolaus raised Wesdome Gold Mines to a “strong-buy” rating in a report on Monday, June 29th. 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, National Bank Financial raised Wesdome Gold Mines from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$34.00 to C$37.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Wesdome Gold Mines has an average rating of “Buy” and an average price target 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.