Philip Chow Yee Purchases 6,250 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Philip Chow Yee acquired 6,250 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of C$24.15 per share, for a total transaction of C$150,937.50. Following the purchase, the insider directly owned 12,500 shares of the company’s stock, valued at approximately C$301,875. This trade represents a 100.00% increase in their ownership of the stock.

Wesdome Gold Mines Price Performance

TSE WDO opened at C$28.26 on Friday. The business’s fifty day moving average is C$26.22 and its two-hundred day moving average is C$25.20. The stock has a market capitalization of C$4.19 billion, a P/E ratio of 10.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 6.03. Wesdome Gold Mines Ltd. has a 1 year low of C$15.94 and a 1 year high of C$30.98.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Canaccord Genuity Group raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and raised their target price for the stock from C$30.00 to C$31.00 in a research report on Monday, June 1st. Stifel Nicolaus raised Wesdome Gold Mines to a “strong-buy” rating in a research note on Monday, June 29th. Desjardins increased 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 upgraded shares of Wesdome Gold Mines from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$34.00 to C$37.00 in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$30.86.

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.