Wesdome Gold Mines (TSE:WDO) Insider Ronald James Jonathan Lawrence Sells 1,557 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Ronald James Jonathan Lawrence sold 1,557 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total value of C$35,593.02. Following the completion of the transaction, the insider owned 1,259 shares in the company, valued at C$28,780.74. The trade was a 55.29% decrease in their ownership of the stock.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$23.04 on Thursday. The company has a current ratio of 5.80, a quick ratio of 0.37 and a debt-to-equity ratio of 0.36. Wesdome Gold Mines Ltd. has a 12-month low of C$15.21 and a 12-month high of C$27.64. The stock has a 50-day moving average price of C$24.25 and a 200 day moving average price of C$22.70. The stock has a market capitalization of C$3.56 billion, a P/E ratio of 9.97 and a beta of 1.15.

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

Key Wesdome Gold Mines News

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

• Positive Sentiment: Company launched a Normal Course Issuer Bid (NCIB) to repurchase shares, which reduces float and signals management’s confidence in valuation — a clear near‑term support for the share price. Wesdome launches share buybacks
• Positive Sentiment: Management promoted Tyler Mitchelson to full‑time Chief Operating Officer — a move investors/analysts view as improving operational continuity and execution at high‑grade assets (Eagle River, Kiena), which supports valuation re‑rating potential. Assessing Wesdome valuation after COO appointment
• Neutral Sentiment: Recent fundamentals remain solid (Q1: C$0.78 EPS, strong margins/ROE) and several analysts have lifted targets (consensus ≈ C$29). These support medium‑term upside but already factor into the stock’s current multiples. Wesdome MarketBeat profile
• Negative Sentiment: Multiple insiders and a director sold a block of shares on March 25 (combined ≈11,425 shares at ~C$22.86), including a 9.2% reduction by director Anthea Bath; while not massive versus float, the clustered timing can spook short‑term traders and add selling pressure. Insider trades report

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Canaccord Genuity Group downgraded shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$27.00 to C$28.00 in a report on Monday, January 26th. Royal Bank Of Canada raised their target price on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. National Bank Financial boosted their price target on shares of Wesdome Gold Mines from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Friday, March 13th. Finally, TD Securities increased their price objective on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$29.00.

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.