Wesdome Gold Mines (WDO) Director William Albert Washington Buys 23,700 Shares of Stock

Wesdome Gold Mines (TSE:WDO) Director William Albert Washington purchased 23,700 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were bought at an average cost of C$2.10 per share, for a total transaction of C$49,770.00.

Shares of Wesdome Gold Mines traded up C$0.07, hitting C$2.21, during trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 595,500 shares, compared to its average volume of 360,910. Wesdome Gold Mines has a 12 month low of C$1.64 and a 12 month high of C$3.60.

Wesdome Gold Mines (TSE:WDO) last issued its quarterly earnings data on Tuesday, May 1st. The company reported C$0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.01). Wesdome Gold Mines had a return on equity of 0.86% and a net margin of 1.40%. The business had revenue of C$26.22 million during the quarter.

WDO has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a C$3.75 price target on shares of Wesdome Gold Mines in a report on Thursday, February 22nd. Eight Capital dropped their price target on shares of Wesdome Gold Mines from C$3.40 to C$3.00 in a report on Thursday, March 22nd.

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.

Insider Buying and Selling by Quarter for Wesdome Gold Mines (TSE:WDO)

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