Wesdome Gold Mines (TSE:WDO) Director Anthea Ingrid Bath Sells 4,100 Shares

Key Points

• Insider sale: Director Anthea Ingrid Bath sold 4,100 shares on March 25 at C$22.86 each for C$93,726, trimming her holding by 9.20% to 40,456 shares (≈C$924,824).
• Recent results and fundamentals: Wesdome reported C$0.78 EPS and C$287.88M revenue for the quarter with a 44.53% ROE and 38.22% net margin; the stock trades near C$23.07, with a C$3.56B market cap and a P/E of 9.99.
• Analyst view: One analyst rates the stock a Buy and three rate it Hold, with an average target of C$29.00 and several firms recently raising price targets into the C$28–32 range.

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) Director Anthea Ingrid Bath sold 4,100 shares of the business'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$93,726.00. Following the sale, the director directly owned 40,456 shares of the company's stock, valued at approximately C$924,824.16. The trade was a 9.20% decrease in their position.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO traded up C$1.00 during midday trading on Wednesday, hitting C$23.07. The company had a trading volume of 383,549 shares, compared to its average volume of 982,278. Wesdome Gold Mines Ltd. has a 12-month low of C$15.21 and a 12-month high of C$27.64. The company has a fifty day moving average of C$24.31 and a two-hundred day moving average of C$22.69. The company has a market cap of C$3.56 billion, a price-to-earnings ratio of 9.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.80 and a quick ratio of 0.37.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last released its earnings results on Wednesday, March 11th. The company reported C$0.78 earnings per share for the quarter. The company had revenue of C$287.88 million for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%. On average, equities research analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group lowered shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and increased their target price for the stock from C$27.00 to C$28.00 in a report on Monday, January 26th. TD Securities lifted their price target on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a report on Thursday, January 22nd. National Bank Financial upped their price target 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. Finally, Royal Bank Of Canada increased their price objective on shares of Wesdome Gold Mines from C$25.00 to C$29.00 in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Wesdome Gold Mines has an average rating of "Hold" and an average target price of C$29.00.

About Wesdome Gold Mines

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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