Insider Selling: Wesdome Gold Mines Ltd. (TSE:WDO) Director Sells C$173,800.00 in Stock

Wesdome Gold Mines Ltd. (TSE:WDOGet Rating) Director Charles Main sold 20,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of C$8.69, for a total value of C$173,800.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately C$130,350.

Wesdome Gold Mines Stock Performance

TSE WDO opened at C$9.09 on Monday. The firm’s fifty day moving average price is C$8.64 and its two-hundred day moving average price is C$10.06. The stock has a market cap of C$1.30 billion and a PE ratio of 43.29. The company has a debt-to-equity ratio of 9.89, a quick ratio of 0.37 and a current ratio of 0.62. Wesdome Gold Mines Ltd. has a fifty-two week low of C$7.43 and a fifty-two week high of C$16.77.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WDO. TD Securities dropped their price objective on shares of Wesdome Gold Mines from C$12.50 to C$11.50 and set a “buy” rating for the company in a research note on Thursday, November 10th. Eight Capital cut their price target on Wesdome Gold Mines from C$17.50 to C$15.00 in a research note on Wednesday, October 26th. Echelon Wealth Partners cut Wesdome Gold Mines from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Canaccord Genuity Group decreased their price target on Wesdome Gold Mines from C$10.00 to C$9.00 in a research report on Thursday, October 20th. Finally, National Bankshares dropped their price target on Wesdome Gold Mines from C$14.50 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, November 14th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Wesdome Gold Mines presently has an average rating of “Moderate Buy” and a consensus price target of C$13.90.

Wesdome Gold Mines Company Profile

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Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec.

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