Endeavour Mining (TSE:EDV) Sets New 1-Year High After Analyst Upgrade

Endeavour Mining Corp. (TSE:EDV) shares reached a new 52-week high on Tuesday after Jefferies Financial Group raised their price target on the stock from C$81.00 to C$92.00. The company traded as high as C$80.20 and last traded at C$80.08, with a volume of 934232 shares trading hands. The stock had previously closed at C$76.38.

Other research analysts also recently issued research reports about the company. Berenberg Bank increased their price target on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. 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 investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$58.00.

Insider Activity

In other Endeavour Mining news, insider Martin John White sold 15,565 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total value of C$568,433.80. Following the sale, the insider owned 11,000 shares of the company’s stock, valued at C$401,720. This trade represents a 58.59% decrease in their position. Also, insider La Mancha Capital Management Gp sold 60,900 shares of the business’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 of the company’s stock, valued at C$2,585,049,053.34. The trade was a 0.17% decrease in their position. Over the last 90 days, insiders have sold 704,074 shares of company stock valued at $49,986,913. 19.11% of the stock is owned by company insiders.

Endeavour Mining Stock Performance

The stock has a market cap of C$18.83 billion, a PE ratio of 39.52 and a beta of 1.04. The company’s 50-day moving average price is C$68.14 and its two-hundred day moving average price is C$57.05.

Endeavour Mining (TSE:EDV) last released its earnings results on Thursday, November 13th. The company reported C$0.66 EPS 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 for the quarter. Equities research analysts forecast that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current fiscal year.

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.