Endeavour Mining (LON:EDV) Earns Buy Rating from Berenberg Bank

Endeavour Mining (LON:EDV)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat.com reports. They currently have a GBX 2,800 ($37.15) price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 33.08% from the stock’s previous close.

Endeavour Mining Price Performance

LON EDV opened at GBX 2,104 ($27.91) on Thursday. Endeavour Mining has a 12 month low of GBX 1,387 ($18.40) and a 12 month high of GBX 2,234 ($29.64). The firm has a market capitalization of £6.37 billion, a PE ratio of -18.66 and a beta of 0.92. The company’s 50 day simple moving average is GBX 1,826.51 and its 200 day simple moving average is GBX 1,681.80.

Endeavour Mining (LON:EDV) last issued its quarterly earnings results on Thursday, May 1st. The company reported GBX 71 ($0.94) earnings per share (EPS) for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%. Sell-side analysts anticipate that Endeavour Mining will post 246.761658 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ian Cockerill bought 18,500 shares of the business’s stock in a transaction dated Tuesday, April 8th. The shares were bought at an average cost of GBX 1,751 ($23.23) per share, with a total value of £323,935 ($429,736.00). Insiders own 19.08% of the company’s stock.

Endeavour Mining Company Profile

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates.