Wesdome Gold Mines (TSE:WDO) Director Anthea Ingrid Bath Sells 66,961 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Director Anthea Ingrid Bath sold 66,961 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$31.15, for a total value of C$2,085,835.15. Following the completion of the sale, the director directly owned 130,128 shares of the company’s stock, valued at C$4,053,487.20. The trade was a 33.98% decrease in their ownership of the stock.

Anthea Ingrid Bath also recently made the following trade(s):

• On Monday, June 29th, Anthea Ingrid Bath sold 7,315 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$24.63, for a total value of C$180,168.45.

Wesdome Gold Mines Trading Up 8.2%

Shares of Wesdome Gold Mines stock opened at C$33.46 on Thursday. The stock has a market capitalization of C$4.80 billion, a PE ratio of 12.08 and a beta of 1.33. Wesdome Gold Mines Ltd. has a 52 week low of C$15.99 and a 52 week high of C$35.35. The stock has a 50 day moving average price of C$27.32 and a two-hundred day moving average price of C$26.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.37 and a current ratio of 6.90.

Wesdome Gold Mines (TSE:WDO) last issued its earnings results on Thursday, August 13th. The company reported C$0.65 earnings per share for the quarter. Wesdome Gold Mines had a return on equity of 43.77% and a net margin of 38.46%.The company had revenue of C$266.76 million for the quarter. As a group, equities analysts anticipate that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Wesdome Gold Mines from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$30.00 to C$34.00 in a research report on Wednesday. Stifel Nicolaus raised Wesdome Gold Mines to a “strong-buy” rating in a report on Monday, June 29th. Canaccord Genuity Group raised Wesdome Gold Mines from a “hold” rating to a “buy” rating and upped their target price for the stock from C$30.00 to C$31.00 in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce raised Wesdome Gold Mines from a “neutral” rating to an “outperformer” rating and increased their price objective for the company from C$31.00 to C$32.00 in a research note on Friday, July 17th. Finally, Desjardins increased their price objective on Wesdome Gold Mines from C$34.00 to C$40.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$33.00.

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.