Wesdome Gold Mines (TSE:WDO) Insider Robert Kallio Sells 878 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 878 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total value of C$20,071.08. Following the completion of the transaction, the insider directly owned 2,709 shares of the company’s stock, valued at C$61,927.74. The trade was a 24.48% decrease in their ownership of the stock.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$23.04 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 5.80. Wesdome Gold Mines Ltd. has a 52-week low of C$15.21 and a 52-week high of C$27.64. The firm has a market cap of C$3.56 billion, a price-to-earnings ratio of 9.97 and a beta of 1.15. The business’s fifty day moving average is C$24.25 and its 200 day moving average is C$22.70.

Wesdome Gold Mines (TSE:WDO) last posted its earnings results on Wednesday, March 11th. The company reported C$0.78 earnings per share for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%.The business had revenue of C$287.88 million during the quarter. Research analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Canaccord Genuity Group lowered shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and boosted their price target for the company from C$27.00 to C$28.00 in a research report on Monday, January 26th. Royal Bank Of Canada lifted their price objective on Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. TD Securities upped their target price on Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. Finally, National Bank Financial raised their price target on Wesdome Gold Mines from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$29.00.

Wesdome Gold Mines News Summary

Here are the key news stories impacting Wesdome Gold Mines this week:

• Positive Sentiment: Company launched a Normal Course Issuer Bid (NCIB) to repurchase shares, which reduces float and signals management’s confidence in valuation — a clear near‑term support for the share price. Wesdome launches share buybacks
• Positive Sentiment: Management promoted Tyler Mitchelson to full‑time Chief Operating Officer — a move investors/analysts view as improving operational continuity and execution at high‑grade assets (Eagle River, Kiena), which supports valuation re‑rating potential. Assessing Wesdome valuation after COO appointment
• Neutral Sentiment: Recent fundamentals remain solid (Q1: C$0.78 EPS, strong margins/ROE) and several analysts have lifted targets (consensus ≈ C$29). These support medium‑term upside but already factor into the stock’s current multiples. Wesdome MarketBeat profile
• Negative Sentiment: Multiple insiders and a director sold a block of shares on March 25 (combined ≈11,425 shares at ~C$22.86), including a 9.2% reduction by director Anthea Bath; while not massive versus float, the clustered timing can spook short‑term traders and add selling pressure. Insider trades report

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.