Wesdome Gold Mines (TSE:WDO) Director Anthea Ingrid Bath Sells 66,961 Shares

Key Points

• Director Anthea Ingrid Bath sold 66,961 Wesdome Gold Mines shares at an average price of C$31.15, generating approximately C$2.09 million and reducing her stake by 33.98% to 130,128 shares.
• Wesdome shares rose 6.0% to C$32.76, while the company reported quarterly EPS of C$0.65 and revenue of C$266.76 million, with a 38.46% net margin.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of C$33.00; several firms recently raised targets to C$40.00.

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) Director Anthea Ingrid Bath sold 66,961 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$31.15, for a total value of C$2,085,835.15. Following the sale, the director owned 130,128 shares of the company's stock, valued at C$4,053,487.20. This trade represents a 33.98% decrease in their position.

Anthea Ingrid Bath also recently made the following trade(s):

• On Monday, June 29th, Anthea Ingrid Bath sold 7,315 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.63, for a total value of C$180,168.45.

Wesdome Gold Mines Stock Up 6.0%

TSE:WDO traded up C$1.85 during trading hours on Wednesday, hitting C$32.76. 412,170 shares of the company traded hands, compared to its average volume of 804,962. The company has a quick ratio of 0.37, a current ratio of 6.90 and a debt-to-equity ratio of 0.73. The firm's 50-day simple moving average is C$27.11 and its 200-day simple moving average is C$26.08. Wesdome Gold Mines Ltd. has a one year low of C$15.99 and a one year high of C$35.35. The company has a market cap of C$4.70 billion, a PE ratio of 11.83 and a beta of 1.33.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The firm had revenue of C$266.76 million for the quarter. Wesdome Gold Mines had a net margin of 38.46% and a return on equity of 43.77%. Equities analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.

Analysts Set New Price Targets

WDO has been the subject of a number of recent analyst reports. BMO Capital Markets downgraded shares of Wesdome Gold Mines from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from C$30.00 to C$34.00 in a research report on Wednesday. National Bank Financial boosted their target price on Wesdome Gold Mines from C$34.50 to C$40.00 in a research note on Wednesday. Canadian Imperial Bank of Commerce raised Wesdome Gold Mines from a "neutral" rating to an "outperformer" rating and upped their target price for the company from C$31.00 to C$32.00 in a report on Friday, July 17th. Desjardins increased their price target on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Stifel Nicolaus raised Wesdome Gold Mines to a "strong-buy" rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$33.00.

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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