Insider Selling: Wesdome Gold Mines (TSE:WDO) Insider Sells 621 Shares of Stock

Key Points

• Insider sale: Joanna Miller sold 621 shares on March 25 at C$22.86 each for C$14,196, reducing her stake by 1.88% to 32,498 shares valued at C$742,904.
• Market context: WDO traded at C$23.07 mid-day with a C$3.56B market cap and a P/E of 9.99; the company reported C$0.78 EPS for the quarter and analysts' average target is C$29.00 with a consensus rating of "Hold."

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) insider Joanna Miller sold 621 shares of the firm's stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total transaction of C$14,196.06. Following the sale, the insider owned 32,498 shares in the company, valued at C$742,904.28. The trade was a 1.88% decrease in their ownership of the stock.

Wesdome Gold Mines Price Performance

Wesdome Gold Mines stock traded up C$1.00 during mid-day trading on Wednesday, hitting C$23.07. The stock had a trading volume of 383,549 shares, compared to its average volume of 982,278. The firm has a market capitalization of C$3.56 billion, a P/E ratio of 9.99 and a beta of 1.15. The company has a current ratio of 5.80, a quick ratio of 0.37 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average is C$24.31 and its 200 day moving average is C$22.69. Wesdome Gold Mines Ltd. has a one year low of C$15.21 and a one year high of C$27.64.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last posted its quarterly 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 business had revenue of C$287.88 million for the quarter. On average, sell-side analysts forecast that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on WDO shares. Royal Bank Of Canada upped their price target on Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. TD Securities lifted their price objective on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Canaccord Genuity Group downgraded shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$27.00 to C$28.00 in a report on Monday, January 26th. Finally, National Bank Financial upped their target price on shares of Wesdome Gold Mines from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Wesdome Gold Mines has an average 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.

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