Insider Selling: Wesdome Gold Mines (TSE:WDO) Insider Sells C$79,983.72 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 3,348 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of C$23.89, for a total value of C$79,983.72. Following the transaction, the insider directly owned 2,000 shares of the company’s stock, valued at C$47,780. This represents a 62.60% decrease in their position.

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

• On Monday, June 29th, Robert Kallio sold 4,341 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$24.11, for a total transaction of C$104,661.51.
• On Monday, June 29th, Robert Kallio sold 2,029 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$24.14, for a total transaction of C$48,980.06.

Wesdome Gold Mines Stock Up 6.6%

Shares of Wesdome Gold Mines stock traded up C$1.60 during trading on Thursday, hitting C$25.95. The company’s stock had a trading volume of 621,984 shares, compared to its average volume of 862,546. Wesdome Gold Mines Ltd. has a 52 week low of C$15.94 and a 52 week high of C$30.98. The company has a market capitalization of C$3.85 billion, a PE ratio of 9.68 and a beta of 1.17. The company has a fifty day simple moving average of C$26.25 and a two-hundred day simple moving average of C$25.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 6.03.

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

Analyst Upgrades and Downgrades

WDO has been the subject of a number of recent research reports. Desjardins lifted their price objective on Wesdome Gold Mines from C$32.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Canaccord Genuity Group upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and raised their price target for the company from C$30.00 to C$31.00 in a report on Monday, June 1st. Finally, National Bank Financial lifted their price target on 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$30.14.

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.