Wesdome Gold Mines Ltd. (TSE:WDO – Get 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.
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
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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