Wesdome Gold Mines (TSE:WDO) Insider James Nicholas Dainard Sells 610 Shares

Key Points

• Insider sale: Director James Nicholas Dainard sold 610 shares on March 25 at an average price of C$22.86, cutting his stake by 32.83% to 1,248 shares (≈C$28,529).
• Wesdome reported strong quarterly results with C$0.78 EPS, revenue of C$287.88 million, a 44.53% ROE and a 38.22% net margin, while the company trades at a PE of 9.99 and a market cap of C$3.56 billion.
• Analysts have raised price targets (e.g., National Bank to C$32, TD to C$30), but the consensus rating remains "Hold" with an average target of C$29.

Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) insider James Nicholas Dainard sold 610 shares of Wesdome Gold Mines stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of C$22.86, for a total value of C$13,944.60. Following the sale, the insider directly owned 1,248 shares in the company, valued at approximately C$28,529.28. This trade represents a 32.83% decrease in their ownership of the stock.

Wesdome Gold Mines Stock Performance

WDO traded up C$1.00 on Wednesday, hitting C$23.07. 383,549 shares of the stock traded hands, compared to its average volume of 982,278. The business has a fifty day moving average price of C$24.31 and a two-hundred day moving average price of C$22.69. 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 has a market capitalization of C$3.56 billion, a PE ratio of 9.99 and a beta of 1.15. Wesdome Gold Mines Ltd. has a 52 week low of C$15.21 and a 52 week high of C$27.64.

Wesdome Gold Mines (TSE:WDO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of C$287.88 million during the quarter. On average, research analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 EPS for the current fiscal year.

Analyst Ratings Changes

WDO has been the topic of a number of recent research reports. National Bank Financial lifted 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 note on Friday, March 13th. 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. Canaccord Genuity Group lowered shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and lifted their target price for the company from C$27.00 to C$28.00 in a research report on Monday, January 26th. Finally, TD Securities upped their target price on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research note on Thursday, January 22nd. 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, the company presently has a consensus rating of "Hold" and an average price target 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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