Wesdome Gold Mines (TSE:WDO) Insider Sells C$104,661.51 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 4,341 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$24.11, for a total transaction of C$104,661.51. Following the completion of the transaction, the insider directly owned 4,029 shares of the company’s stock, valued at C$97,139.19. This represents a 51.86% decrease in their ownership of the stock.

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

• 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.
• On Tuesday, June 30th, Robert Kallio sold 3,348 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$23.89, for a total transaction of C$79,983.72.

Wesdome Gold Mines Stock Performance

Shares of WDO traded up C$1.60 during midday trading on Thursday, reaching C$25.95. The stock had a trading volume of 621,984 shares, compared to its average volume of 862,546. The firm has a market cap of C$3.85 billion, a PE ratio of 9.68 and a beta of 1.17. The firm has a 50 day simple moving average of C$26.25 and a 200-day simple moving average of C$25.15. Wesdome Gold Mines Ltd. has a one year low of C$15.94 and a one year high of C$30.98. The company has a current ratio of 6.03, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31.

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

Wall Street Analyst Weigh In

WDO has been the subject of several research analyst reports. National Bank Financial lifted their target price on 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. Desjardins raised their price target on Wesdome Gold Mines from C$32.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Canaccord Genuity Group raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$30.00 to C$31.00 in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Wesdome Gold Mines presently has an average rating of “Moderate Buy” and an average target price of C$30.14.

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.