Wesdome Gold Mines (TSE:WDO) Insider Robert Kallio Sells 3,348 Shares

Wesdome Gold Mines Ltd. (TSE:WDOGet Free Report) insider Robert Kallio sold 3,348 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of C$23.89, for a total value of C$79,983.72. Following the completion of the transaction, the insider owned 2,000 shares of the company’s stock, valued at C$47,780. This trade represents a 62.60% decrease in their position.

Robert Kallio also recently made the following trade(s):

  • On Monday, June 29th, Robert Kallio sold 4,341 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.11, for a total value of C$104,661.51.
  • On Monday, June 29th, Robert Kallio sold 2,029 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.14, for a total value of C$48,980.06.

Wesdome Gold Mines Trading Up 7.4%

Shares of TSE:WDO opened at C$26.14 on Friday. Wesdome Gold Mines Ltd. has a 52-week low of C$15.94 and a 52-week high of C$30.98. The stock has a market cap of C$3.88 billion, a price-to-earnings ratio of 9.75 and a beta of 1.17. The company has a quick ratio of 0.37, a current ratio of 6.03 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of C$26.22 and a 200-day moving average price of C$25.18.

Wesdome Gold Mines (TSE:WDOGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported C$0.79 EPS for the quarter. The firm had revenue of C$299.79 million during the quarter. Wesdome Gold Mines had a return on equity of 46.09% and a net margin of 39.54%. Equities analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Desjardins upped 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 report on Thursday, April 23rd. Stifel Nicolaus upgraded shares of Wesdome Gold Mines to a “strong-buy” rating in a research report on Monday. National Bank Financial upped their price target on shares of 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. Finally, Canaccord Genuity Group raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their price target for the stock from C$30.00 to C$31.00 in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$30.14.

View Our Latest Stock Analysis on Wesdome Gold Mines

Wesdome Gold Mines Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Wesdome Gold Mines (TSE:WDO)

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