Wesdome Gold Mines (TSE:WDO) Insider Philip Chow Yee Acquires 6,250 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Philip Chow Yee acquired 6,250 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of C$24.15 per share, with a total value of C$150,937.50. Following the completion of the transaction, the insider directly owned 12,500 shares in the company, valued at C$301,875. This trade represents a 100.00% increase in their position.

Wesdome Gold Mines Trading Up 7.4%

TSE:WDO opened at C$26.14 on Friday. The firm has a market cap of C$3.88 billion, a P/E ratio of 9.75 and a beta of 1.17. The company has a current ratio of 6.03, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is C$26.22 and its 200-day simple moving average is C$25.18. Wesdome Gold Mines Ltd. has a 12-month low of C$15.94 and a 12-month high of C$30.98.

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

Analysts Set New Price Targets

WDO has been the topic of several analyst reports. Canaccord Genuity Group raised shares of Wesdome Gold Mines from a “hold” rating to a “buy” rating and lifted their target price for the company from C$30.00 to C$31.00 in a report on Monday, June 1st. Stifel Nicolaus upgraded shares of Wesdome Gold Mines to a “strong-buy” rating in a research report on Monday. Desjardins boosted their target price on shares of 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. Finally, National Bank Financial boosted their price objective on shares of Wesdome Gold Mines from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.