Key Points
- Director Anthea Ingrid Bath sold 4,100 shares on March 25 at an average price of C$22.86 for proceeds of C$93,726, trimming her position by 9.2% to 40,456 shares.
- There was a cluster of insider sales the same day totaling about 11,425 shares (≈C$261k), a move that may be viewed negatively by short‑term traders even though it’s small relative to free float.
- Despite the insider selling, Wesdome reported a strong quarter (C$0.78 EPS, 38.2% net margin, 44.5% ROE) and analysts have lifted targets to a consensus of C$29 with an overall "Hold" rating.
Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) insider James Nicholas Dainard sold 610 shares of Wesdome Gold Mines stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of C$22.86, for a total value of C$13,944.60. Following the completion of the transaction, the insider owned 1,248 shares in the company, valued at C$28,529.28. The trade was a 32.83% decrease in their position.
Wesdome Gold Mines Stock Performance
Shares of TSE:WDO opened at C$23.04 on Thursday. The firm has a market capitalization of C$3.56 billion, a PE ratio of 9.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.80 and a quick ratio of 0.37. The business has a 50-day moving average of C$24.25 and a two-hundred day moving average of C$22.70. Wesdome Gold Mines Ltd. has a 12 month low of C$15.21 and a 12 month high of C$27.64.
Wesdome Gold Mines (TSE:WDO - Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.78 earnings per share for the quarter. Wesdome Gold Mines had a return on equity of 44.53% and a net margin of 38.22%.The business had revenue of C$287.88 million for the quarter. As a group, research analysts forecast that Wesdome Gold Mines Ltd. will post 1.293456 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on WDO. TD Securities increased their price objective on shares of Wesdome Gold Mines from C$25.00 to C$30.00 in a research report on Thursday, January 22nd. Canaccord Genuity Group cut shares of Wesdome Gold Mines from a "buy" rating to a "hold" rating and upped their price target for the stock from C$27.00 to C$28.00 in a research report on Monday, January 26th. Royal Bank Of Canada raised their price objective on Wesdome Gold Mines from C$25.00 to C$29.00 in a research report on Wednesday, December 10th. Finally, National Bank Financial boosted their price objective on Wesdome Gold Mines from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$29.00.
Get Our Latest Stock Report on WDO
Wesdome Gold Mines News Summary
Here are the key news stories impacting Wesdome Gold Mines this week:
- Positive Sentiment: Company launched a Normal Course Issuer Bid (NCIB) to repurchase shares, which reduces float and signals management’s confidence in valuation — a clear near‑term support for the share price. Wesdome launches share buybacks
- Positive Sentiment: Management promoted Tyler Mitchelson to full‑time Chief Operating Officer — a move investors/analysts view as improving operational continuity and execution at high‑grade assets (Eagle River, Kiena), which supports valuation re‑rating potential. Assessing Wesdome valuation after COO appointment
- Neutral Sentiment: Recent fundamentals remain solid (Q1: C$0.78 EPS, strong margins/ROE) and several analysts have lifted targets (consensus ≈ C$29). These support medium‑term upside but already factor into the stock’s current multiples. Wesdome MarketBeat profile
- Negative Sentiment: Multiple insiders and a director sold a block of shares on March 25 (combined ≈11,425 shares at ~C$22.86), including a 9.2% reduction by director Anthea Bath; while not massive versus float, the clustered timing can spook short‑term traders and add selling pressure. Insider trades report
Wesdome Gold Mines Company Profile
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Get Free Report)
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.
Further Reading
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