Anthea Ingrid Bath Sells 66,961 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 66,961 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total transaction of C$2,085,835.15. Following the transaction, the director directly owned 130,128 shares of the company’s stock, valued at C$4,053,487.20. This represents a 33.98% decrease in their ownership of the stock.

Anthea Ingrid Bath also recently made the following trade(s):

• On Monday, June 29th, Anthea Ingrid Bath sold 7,315 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$24.63, for a total transaction of C$180,168.45.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO traded up C$1.85 during mid-day trading on Wednesday, reaching C$32.76. The company had a trading volume of 412,170 shares, compared to its average volume of 804,962. Wesdome Gold Mines Ltd. has a one year low of C$15.99 and a one year high of C$35.35. The company has a current ratio of 6.90, a quick ratio of 0.37 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is C$27.11 and its 200-day moving average price is C$26.08. The firm has a market cap of C$4.70 billion, a price-to-earnings ratio of 11.83 and a beta of 1.33.

Wesdome Gold Mines (TSE:WDO) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.65 earnings per share for the quarter. Wesdome Gold Mines had a return on equity of 43.77% and a net margin of 38.46%.The business had revenue of C$266.76 million during the quarter. As a group, equities research analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WDO shares. National Bank Financial increased their target price on shares of Wesdome Gold Mines from C$34.50 to C$40.00 in a research report on Wednesday. BMO Capital Markets lowered shares of Wesdome Gold Mines from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$30.00 to C$34.00 in a research report on Wednesday. Desjardins upped their price target on shares of Wesdome Gold Mines from C$34.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce raised shares of Wesdome Gold Mines from a “neutral” rating to an “outperformer” rating and raised their price objective for the stock from C$31.00 to C$32.00 in a report on Friday, July 17th. Finally, Stifel Nicolaus upgraded shares of Wesdome Gold Mines to a “strong-buy” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$33.00.

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.