Wesdome Gold Mines (TSE:WDO) Insider Joanna Miller Sells 621 Shares

Wesdome Gold Mines Ltd. (TSE:WDO) insider Joanna Miller sold 621 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total value of C$14,196.06. Following the transaction, the insider owned 32,498 shares of the company’s stock, valued at C$742,904.28. This represents a 1.88% decrease in their position.

Wesdome Gold Mines Price Performance

Shares of WDO traded up C$1.00 during mid-day trading on Wednesday, hitting C$23.07. 383,549 shares of the stock were exchanged, compared to its average volume of 982,278. The company has a market cap of C$3.56 billion, a PE ratio of 9.99 and a beta of 1.15. 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 50-day moving average of C$24.31 and a two-hundred day moving average of C$22.69. 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 (TSE:WDO) last posted its earnings results on Wednesday, March 11th. The company reported C$0.78 EPS for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%.The firm had revenue of C$287.88 million during the quarter. On average, equities analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WDO shares. Canaccord Genuity Group cut shares of Wesdome Gold Mines from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$27.00 to C$28.00 in a research note on Monday, January 26th. National Bank Financial upped 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. Royal Bank Of Canada boosted their price objective on Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. Finally, TD Securities raised their price objective on Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$29.00.

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.