Wesdome Gold Mines Ltd (TSE:WDO) Director Charles Main bought 40,000 shares of Wesdome Gold Mines stock in a transaction on Wednesday, June 13th. The shares were bought at an average price of C$2.60 per share, for a total transaction of C$104,000.00.
Shares of Wesdome Gold Mines traded down C$0.07, reaching C$2.56, during mid-day trading on Thursday, according to MarketBeat Ratings. 1,311,767 shares of the company’s stock were exchanged, compared to its average volume of 397,947. Wesdome Gold Mines Ltd has a twelve month low of C$1.64 and a twelve month high of C$3.40.
Wesdome Gold Mines (TSE:WDO) last released its quarterly earnings results on Tuesday, May 1st. The company reported C$0.02 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.01). The business had revenue of C$26.22 million for the quarter. Wesdome Gold Mines had a return on equity of 0.86% and a net margin of 1.40%.
A number of equities analysts have issued reports on the company. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a report on Tuesday. BMO Capital Markets restated an “outperform” rating and set a C$3.75 target price on shares of Wesdome Gold Mines in a report on Thursday, February 22nd. Industrial Alliance Securities upgraded Wesdome Gold Mines from a “buy” rating to a “strong-buy” rating and set a C$5.00 target price on the stock in a report on Tuesday. Finally, Eight Capital reduced their target price on Wesdome Gold Mines from C$3.40 to C$3.00 in a report on Thursday, March 22nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$3.78.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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