Endeavour Mining (TSE:EDV) Trading 1% Higher – What’s Next?

Shares of Endeavour Mining Corp. (TSE:EDV) rose 1% on Monday . The company traded as high as C$71.38 and last traded at C$71.26. Approximately 285,600 shares were traded during trading, a decline of 55% from the average session volume of 635,743 shares. The stock had previously closed at C$70.54.

Analyst Ratings Changes

EDV has been the subject of a number of research analyst reports. 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 research note on Tuesday, April 21st. National Bank Financial increased their price objective on shares of Endeavour Mining from C$115.00 to C$116.00 and gave the company an “outperform” rating in a research note on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$99.50.

Endeavour Mining Stock Up 1.0%

The firm has a market capitalization of C$17.18 billion, a price-to-earnings ratio of 20.48 and a beta of 1.66. The stock has a 50 day moving average of C$80.17 and a 200 day moving average of C$79.91.

Endeavour Mining (TSE:EDV) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$2.13 earnings per share (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. Analysts predict that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Guy Franklin Young sold 20,228 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 directly owned 45,022 shares in the company, valued at approximately C$2,215,532.62. The trade was a 31.00% decrease in their position. Also, insider Pascal Bernasconi sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$49.51, for a total value of C$990,200.00. Following the sale, the insider directly owned 14,168 shares in the company, valued at approximately C$701,457.68. This represents a 58.53% decrease in their ownership of the stock. 19.11% of the stock is currently owned by insiders.

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.