Wesdome Gold Mines (TSE:WDO) Director Anthea Ingrid Bath Sells 7,315 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 7,315 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$24.63, for a total value of C$180,168.45. Following the sale, the director owned 45,753 shares of the company’s stock, valued at approximately C$1,126,896.39. This trade represents a 13.78% decrease in their ownership of the stock.

Wesdome Gold Mines Price Performance

Shares of Wesdome Gold Mines stock opened at C$26.14 on Friday. The business has a 50 day simple moving average of C$26.22 and a two-hundred day simple moving average of C$25.18. Wesdome Gold Mines Ltd. has a 12 month low of C$15.94 and a 12 month high of C$30.98. The stock has a market capitalization of C$3.88 billion, a P/E ratio of 9.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.03 and a quick ratio of 0.37.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WDO. Stifel Nicolaus raised shares of Wesdome Gold Mines to a “strong-buy” rating in a report on Monday. Canaccord Genuity Group raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and raised their price target for the stock from C$30.00 to C$31.00 in a research note on Monday, June 1st. Desjardins boosted their price target on shares of Wesdome Gold Mines from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, National Bank Financial boosted their price target on shares of Wesdome Gold Mines from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Wesdome Gold Mines currently has an average rating of “Moderate Buy” and an average target price of C$30.14.

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.