Robert Kallio Sells 3,348 Shares of Wesdome Gold Mines (TSE:WDO) Stock

Wesdome Gold Mines Ltd. (TSE:WDO) insider Robert Kallio sold 3,348 shares of Wesdome Gold Mines stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of C$23.89, for a total transaction of C$79,983.72. Following the completion of the transaction, the insider directly owned 2,000 shares of the company’s stock, valued at approximately 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 stock was 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 Trading Up 8.1%

Wesdome Gold Mines stock opened at C$28.26 on Friday. Wesdome Gold Mines Ltd. has a 1 year low of C$15.94 and a 1 year high of C$30.98. The firm’s 50-day moving average is C$26.22 and its 200-day moving average is C$25.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 6.03. The company has a market cap of C$4.19 billion, a P/E ratio of 10.54 and a beta of 1.17.

Wesdome Gold Mines (TSE:WDO) last released 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 firm had revenue of C$299.79 million for the quarter. On average, equities analysts expect that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WDO. Stifel Nicolaus upgraded Wesdome Gold Mines to a “strong-buy” rating in a research report on Monday, June 29th. Canaccord Genuity Group upgraded Wesdome Gold Mines from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$30.00 to C$31.00 in a research report on Monday, June 1st. National Bank Financial upgraded Wesdome Gold Mines from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$34.00 to C$37.00 in a research note on Friday. Finally, Desjardins increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$30.86.

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.