Wesdome Gold Mines (TSE:WDO) Insider Patricia Moran Sells 611 Shares

Wesdome Gold Mines Ltd. (TSE:WDO) insider Patricia Moran sold 611 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total transaction of C$13,967.46. Following the transaction, the insider directly owned 3,373 shares of the company’s stock, valued at C$77,106.78. This represents a 15.34% decrease in their ownership of the stock.

Wesdome Gold Mines Stock Performance

TSE:WDO traded up C$1.00 during mid-day trading on Wednesday, reaching C$23.07. The stock had a trading volume of 383,549 shares, compared to its average volume of 982,278. Wesdome Gold Mines Ltd. has a twelve month low of C$15.21 and a twelve month high of C$27.64. The business has a 50 day simple moving average of C$24.31 and a 200 day simple moving average of C$22.69. The firm has a market capitalization of C$3.56 billion, a price-to-earnings ratio of 9.99 and a beta of 1.15. 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 (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 company 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, analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WDO has been the topic of several research analyst reports. TD Securities boosted their target price on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. National Bank Financial increased their price target on shares of Wesdome Gold Mines from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a report on Friday, March 13th. Royal Bank Of Canada raised their price objective on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. Finally, Canaccord Genuity Group downgraded shares of 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 report on Monday, January 26th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.