Wesdome Gold Mines (TSE:WDO) Insider Rajbir Gill Buys 1,047 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Rajbir Gill purchased 1,047 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost 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 approximately C$592,549.38. The trade was a 4.43% increase in their position.

Wesdome Gold Mines Stock Performance

Shares of TSE WDO opened at C$26.14 on Friday. Wesdome Gold Mines Ltd. has a 12-month low of C$15.94 and a 12-month high of C$30.98. The company has a market cap of C$3.88 billion, a PE ratio of 9.75 and a beta of 1.17. The stock has a 50 day simple moving average of C$26.22 and a 200-day simple moving average of C$25.18. 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 posted its earnings results on Tuesday, May 12th. The company reported C$0.79 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. On average, equities research analysts forecast that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Wall Street Analyst Weigh In

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