Wesdome Gold Mines (TSE:WDO) Insider Joanna Miller Sells 621 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Joanna Miller sold 621 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total transaction of C$14,196.06. Following the sale, the insider directly owned 32,498 shares of the company’s stock, valued at approximately C$742,904.28. This trade represents a 1.88% decrease in their position.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock opened at C$23.04 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 5.80. Wesdome Gold Mines Ltd. has a 52 week low of C$15.21 and a 52 week high of C$27.64. The stock has a market capitalization of C$3.56 billion, a P/E ratio of 9.97 and a beta of 1.15. The stock has a fifty day moving average of C$24.25 and a 200-day moving average of C$22.70.

Wesdome Gold Mines (TSE:WDO) last released its earnings results on Wednesday, March 11th. The company reported C$0.78 earnings per share (EPS) for the quarter. The firm had revenue of C$287.88 million for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%. On average, sell-side 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 research firms have weighed in on WDO. National Bank Financial boosted their target price 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. Canaccord Genuity Group lowered Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$27.00 to C$28.00 in a research report on Monday, January 26th. TD Securities upped their target price on Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their target price on Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$29.00.

Key Headlines Impacting Wesdome Gold Mines

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

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.