Insider Selling: Wesdome Gold Mines (TSE:WDO) Insider Sells C$104,661.51 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 4,341 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$24.11, for a total transaction of C$104,661.51. Following the completion of the sale, the insider owned 4,029 shares of the company’s stock, valued at C$97,139.19. This trade represents a 51.86% decrease in their position.

Robert Kallio also recently made the following trade(s):

• 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.
• On Tuesday, June 30th, Robert Kallio sold 3,348 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$23.89, for a total transaction of C$79,983.72.

Wesdome Gold Mines Stock Performance

Shares of TSE:WDO traded up C$1.60 during trading on Thursday, hitting C$25.95. 621,984 shares of the company traded hands, compared to its average volume of 862,546. The stock has a market capitalization of C$3.85 billion, a price-to-earnings ratio of 9.68 and a beta of 1.17. Wesdome Gold Mines Ltd. has a one year low of C$15.94 and a one year high of C$30.98. 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’s fifty day moving average is C$26.25 and its 200-day moving average is C$25.15.

Wesdome Gold Mines (TSE:WDO) last announced its earnings results on Tuesday, May 12th. The company reported C$0.79 earnings per share (EPS) for the quarter. The company had revenue of C$299.79 million for the quarter. Wesdome Gold Mines had a return on equity of 46.09% and a net margin of 39.54%. As a group, equities analysts predict that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Desjardins upped their price target on Wesdome Gold Mines from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Canaccord Genuity Group upgraded shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and increased their target price for the stock from C$30.00 to C$31.00 in a report on Monday, June 1st. Finally, National Bank Financial raised their target price on shares of Wesdome Gold Mines from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.14.

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.