Endeavour Mining Corp. (TSE:EDV) Receives Consensus Rating of “Buy” from Analysts

Endeavour Mining Corp. (TSE:EDV) has been assigned an average recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$46.50.

A number of equities research analysts recently issued reports on EDV shares. National Bankshares set a C$18.00 price target on shares of Endeavour Mining and gave the company an “outperform” rating in a research note on Monday, December 8th. Berenberg Bank raised their price objective on shares of Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th.

Endeavour Mining Stock Down 0.2%

Shares of EDV opened at C$74.67 on Friday. The stock has a market cap of C$17.97 billion, a P/E ratio of 37.71 and a beta of 1.04. Endeavour Mining has a 52 week low of C$26.73 and a 52 week high of C$79.84. The business’s 50 day moving average price is C$66.90 and its 200-day moving average price is C$56.29.

Endeavour Mining (TSE:EDV) last issued its earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%.The business had revenue of C$1.27 billion during the quarter. On average, equities analysts anticipate that Endeavour Mining will post 4.4476987 EPS for the current year.

Insider Activity

In other news, insider Yousriya Loza sold 60,900 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total value of C$4,458,489.00. Following the sale, the insider directly owned 35,310,054 shares in the company, valued at approximately C$2,585,049,053.34. This trade represents a 0.17% decrease in their ownership of the stock. Also, insider La Mancha Investments S.À R.L. sold 60,900 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total value of C$4,458,489.00. Following the transaction, the insider directly owned 35,310,054 shares in the company, valued at approximately C$2,585,049,053.34. The trade was a 0.17% decrease in their position. Insiders have sold a total of 704,074 shares of company stock worth $49,986,913 in the last ninety days. Corporate insiders own 19.11% of the company’s stock.

Endeavour Mining Company Profile

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.