National Bankshares Forecasts Strong Price Appreciation for Endeavour Mining (TSE:EDV) Stock

Endeavour Mining (TSE:EDV) had its price target raised by stock analysts at National Bankshares from C$88.00 to C$93.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 24.58% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Berenberg Bank raised their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Jefferies Financial Group upped their target price on Endeavour Mining from C$81.00 to C$92.00 in a research report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$76.75.

Endeavour Mining Stock Performance

Shares of TSE EDV opened at C$74.65 on Wednesday. Endeavour Mining has a fifty-two week low of C$28.19 and a fifty-two week high of C$90.14. The company has a market cap of C$17.97 billion, a PE ratio of 37.70 and a beta of 1.04. The business has a 50-day simple moving average of C$72.44 and a two-hundred day simple moving average of C$59.89.

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

Insider Buying and Selling at Endeavour Mining

In related news, insider La Mancha Investments S.À R.L. sold 156,700 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of C$73.65, for a total transaction of C$11,540,955.00. Following the completion of the transaction, the insider owned 35,370,954 shares of the company’s stock, valued at C$2,605,070,762.10. This trade represents a 0.44% decrease in their ownership of the stock. Also, insider Martin John White sold 15,565 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of C$36.52, for a total transaction of C$568,433.80. Following the completion of the sale, the insider directly owned 11,000 shares in the company, valued at approximately C$401,720. The trade was a 58.59% decrease in their ownership of the stock. In the last three months, insiders sold 704,074 shares of company stock worth $49,986,913. 19.11% of the stock is currently owned by company insiders.

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.