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

Wesdome Gold Mines Ltd. (TSE:WDO) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be given a dividend of $0.0306 per share on Tuesday, September 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 15th.

Wesdome Gold Mines Stock Down 2.1%

WDO traded down C$0.75 during trading hours on Tuesday, reaching C$34.20. 129,627 shares of the stock traded hands, compared to its average volume of 758,644. The company has a market cap of C$4.91 billion, a price-to-earnings ratio of 12.35 and a beta of 1.32. Wesdome Gold Mines has a fifty-two week low of C$19.48 and a fifty-two week high of C$37.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 6.90 and a quick ratio of 0.37. The firm’s fifty day simple moving average is C$33.30 and its two-hundred day simple moving average is C$28.59.

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

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.