Anthea Ingrid Bath Sells 7,315 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDOGet Free Report) Director Anthea Ingrid Bath sold 7,315 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$24.63, for a total value of C$180,168.45. Following the sale, the director owned 45,753 shares of the company’s stock, valued at C$1,126,896.39. This trade represents a 13.78% decrease in their position.

Wesdome Gold Mines Stock Performance

TSE:WDO opened at C$28.26 on Friday. The firm’s fifty day moving average price is C$26.22 and its 200 day moving average price is C$25.20. Wesdome Gold Mines Ltd. has a 1-year low of C$15.94 and a 1-year high of C$30.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.03 and a quick ratio of 0.37. The firm has a market cap of C$4.19 billion, a price-to-earnings ratio of 10.54 and a beta of 1.17.

Wesdome Gold Mines (TSE:WDOGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.79 earnings per share (EPS) for the quarter. Wesdome Gold Mines had a net margin of 39.54% and a return on equity of 46.09%. The company had revenue of C$299.79 million for the quarter. On average, sell-side analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. National Bank Financial upgraded shares of Wesdome Gold Mines from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$34.00 to C$37.00 in a research report on Friday. Desjardins boosted their target price on 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. Stifel Nicolaus raised Wesdome Gold Mines to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Canaccord Genuity Group upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their price target for the company from C$30.00 to C$31.00 in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$30.86.

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Wesdome Gold Mines Company Profile

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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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