Endeavour Mining (TSE:EDV) Stock Price Up 5.8% – Here’s Why

Shares of Endeavour Mining Corp. (TSE:EDV) traded up 5.8% during mid-day trading on Wednesday . The stock traded as high as C$65.23 and last traded at C$65.23. 736,184 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 595,181 shares. The stock had previously closed at C$61.66.

Analyst Ratings Changes

Separately, National Bankshares increased their price target on Endeavour Mining from C$57.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Two investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$40.25.

Endeavour Mining Stock Up 5.8%

The company has a market capitalization of C$15.71 billion, a P/E ratio of 32.94 and a beta of 1.01. The firm’s 50-day moving average price is C$58.36 and its 200 day moving average price is C$49.08.

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

Endeavour Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 23rd were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a dividend yield of 116.0%. Endeavour Mining’s dividend payout ratio is currently 60.10%.

Insider Buying and Selling

In other Endeavour Mining news, insider Yousriya Loza sold 215,000 shares of Endeavour Mining stock in a transaction dated Monday, October 13th. The shares were sold at an average price of C$32.87, for a total value of C$7,067,050.00. Following the sale, the insider owned 35,527,654 shares of the company’s stock, valued at approximately C$1,167,793,986.98. The trade was a 0.60% decrease in their ownership of the stock. Also, insider La Mancha Capital Management Gp sold 215,000 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of C$32.87, for a total transaction of C$7,067,050.00. Following the completion of the transaction, the insider owned 35,527,654 shares in the company, valued at approximately C$1,167,793,986.98. The trade was a 0.60% decrease in their ownership of the stock. Over the last three months, insiders have sold 2,154,654 shares of company stock worth $79,511,688. 19.11% of the stock is 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.