Endeavour Mining (TSE:EDV) Shares Down 8.3% – What’s Next?

Endeavour Mining Corp. (TSE:EDV) shares fell 8.3% during mid-day trading on Friday . The company traded as low as C$72.62 and last traded at C$72.71. 359,836 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 649,203 shares. The stock had previously closed at C$79.31.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EDV. National Bank Financial lifted their price target on shares of Endeavour Mining from C$115.00 to C$116.00 and gave the stock an “outperform” rating in a report on Sunday, May 3rd. TD lifted their price target on shares of Endeavour Mining from C$94.00 to C$105.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$99.50.

Endeavour Mining Trading Down 8.3%

The business has a 50-day simple moving average of C$83.86 and a 200 day simple moving average of C$78.51. The stock has a market cap of C$17.54 billion, a P/E ratio of 20.89 and a beta of 1.66.

Endeavour Mining (TSE:EDV) last released its quarterly earnings results on Thursday, April 30th. The company reported C$2.13 EPS for the quarter. Endeavour Mining had a return on equity of 27.75% and a net margin of 18.88%.The firm had revenue of C$1.88 billion for the quarter. As a group, equities analysts expect that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current year.

Insider Transactions at Endeavour Mining

In other Endeavour Mining news, insider Pascal Bernasconi sold 20,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$49.51, for a total value of C$990,200.00. Following the sale, the insider owned 14,168 shares in the company, valued at approximately C$701,457.68. The trade was a 58.53% decrease in their position. Also, insider Guy Franklin Young sold 20,228 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$49.21, for a total value of C$995,419.88. Following the completion of the sale, the insider owned 45,022 shares in the company, valued at C$2,215,532.62. This trade represents a 31.00% decrease in their position. Insiders own 19.11% of the company’s stock.

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.