Wesdome Gold Mines Ltd. (TSE:WDO) to Issue $0.03 Quarterly Dividend

Wesdome Gold Mines Ltd. (TSE:WDO) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.0306 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, September 15th.

Wesdome Gold Mines Trading Up 4.6%

Shares of TSE:WDO traded up C$1.54 during midday trading on Friday, reaching C$35.06. The company’s stock had a trading volume of 412,898 shares, compared to its average volume of 775,606. The firm has a market cap of C$5.03 billion, a price-to-earnings ratio of 12.66 and a beta of 1.65. The company has a quick ratio of 0.37, a current ratio of 6.90 and a debt-to-equity ratio of 0.73. Wesdome Gold Mines has a 1 year low of C$18.08 and a 1 year high of C$36.47. The business has a 50 day moving average price of C$30.36 and a 200 day moving average price of C$27.46.

Wesdome Gold Mines (TSE:WDO) last released its earnings results 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 firm had revenue of C$266.76 million for the quarter. Research analysts forecast that Wesdome Gold Mines will post 1.293456 EPS for the current year.

Insider Transactions at Wesdome Gold Mines

In other news, insider Rajbir Gill bought 1,047 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of C$24.02 per share, for a total transaction of C$25,148.94. Following the acquisition, the insider owned 24,669 shares of the company’s stock, valued at C$592,549.38. This trade represents a 4.43% increase in their ownership of the stock. Also, insider Robert Kallio sold 3,348 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of C$23.89, for a total transaction of C$79,983.72. Following the sale, the insider directly owned 2,000 shares of the company’s stock, valued at approximately C$47,780. This trade represents a 62.60% decrease in their position. Over the last ninety days, insiders have sold 84,394 shares of company stock valued at $2,509,289. Insiders own 0.17% of the company’s stock.

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.