Insider Selling: Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Sells C$128,193.84 in Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Rajbir Gill sold 7,884 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$16.26, for a total value of C$128,193.84.

Wesdome Gold Mines Stock Performance

Shares of TSE WDO opened at C$16.46 on Thursday. The company has a 50 day simple moving average of C$15.02 and a two-hundred day simple moving average of C$13.53. The stock has a market cap of C$2.50 billion, a price-to-earnings ratio of 30.72 and a beta of 0.85. The company has a current ratio of 2.14, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. Wesdome Gold Mines Ltd. has a 12 month low of C$9.89 and a 12 month high of C$17.24.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WDO. Desjardins upped their price objective on shares of Wesdome Gold Mines from C$17.50 to C$18.00 and gave the company a “buy” rating in a report on Thursday, March 20th. TD Securities upgraded shares of Wesdome Gold Mines to a “hold” rating in a research note on Tuesday, February 4th. Finally, National Bankshares raised their price target on shares of Wesdome Gold Mines from C$19.75 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$16.19.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.