Endeavour Mining (TSE:EDV) Hits New 12-Month High Following Analyst Upgrade

Endeavour Mining Corp. (TSE:EDV) shares reached a new 52-week high on Thursday after Berenberg Bank raised their price target on the stock from C$79.00 to C$85.00. The company traded as high as C$69.87 and last traded at C$69.08, with a volume of 572424 shares traded. The stock had previously closed at C$68.01.

Separately, National Bankshares set a C$18.00 target price on shares of Endeavour Mining and gave the stock an “outperform” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$38.80.

Insider Activity at Endeavour Mining

In other Endeavour Mining news, insider Yousriya Loza sold 253,572 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of C$32.26, for a total value of C$8,180,232.72. Following the transaction, the insider directly owned 35,880,400 shares in the company, valued at C$1,157,501,704. The trade was a 0.70% decrease in their ownership of the stock. Also, insider La Mancha Capital Management Gp sold 253,572 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of C$32.26, for a total transaction of C$8,180,232.72. Following the transaction, the insider directly owned 35,880,400 shares of the company’s stock, valued at C$1,157,501,704. This represents a 0.70% decrease in their ownership of the stock. Over the last 90 days, insiders sold 2,170,219 shares of company stock worth $80,080,122. 19.11% of the stock is owned by company insiders.

Endeavour Mining Stock Performance

The firm has a 50 day simple moving average of C$61.04 and a 200 day simple moving average of C$51.94. The firm has a market cap of C$17.14 billion, a P/E ratio of 35.95 and a beta of 0.94.

Endeavour Mining (TSE:EDV) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. Endeavour Mining had a negative net margin of 14.83% and a negative return on equity of 11.19%. The firm had revenue of C$1.27 billion for the quarter. Sell-side analysts predict that Endeavour Mining Corp. will post 4.4476987 EPS for the current fiscal year.

Endeavour Mining Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 23rd were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a yield of 116.0%. Endeavour Mining’s dividend payout ratio is presently 60.10%.

About Endeavour Mining

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.