Endeavour Mining (TSE:EDV) Insider La Mancha Capital Management Gp Sells 156,700 Shares of Stock

Endeavour Mining Corp. (TSE:EDV) insider La Mancha Capital Management Gp sold 156,700 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of C$73.65, for a total value of C$11,540,955.00. Following the sale, the insider owned 35,370,954 shares in the company, valued at approximately C$2,605,070,762.10. This represents a 0.44% decrease in their ownership of the stock.

La Mancha Capital Management Gp also recently made the following trade(s):

• On Tuesday, December 23rd, La Mancha Capital Management Gp sold 60,900 shares of Endeavour Mining stock. The shares were sold at an average price of C$73.21, for a total transaction of C$4,458,489.00.
• On Tuesday, December 23rd, La Mancha Capital Management Gp sold 11,903 shares of Endeavour Mining stock. The shares were sold at an average price of C$39.77, for a total transaction of C$473,382.31.
• On Monday, October 13th, La Mancha Capital Management Gp sold 215,000 shares of Endeavour Mining stock. The stock was sold at an average price of C$32.87, for a total transaction of C$7,067,050.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp sold 111,900 shares of Endeavour Mining stock. The stock was sold at an average price of C$60.75, for a total transaction of C$6,797,925.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp sold 253,572 shares of Endeavour Mining stock. The shares were sold at an average price of C$32.26, for a total transaction of C$8,180,232.72.
• On Wednesday, October 8th, La Mancha Capital Management Gp sold 2,062 shares of Endeavour Mining stock. The shares were sold at an average price of C$32.28, for a total transaction of C$66,561.36.
• On Thursday, October 9th, La Mancha Capital Management Gp sold 133,889 shares of Endeavour Mining stock. The stock was sold at an average price of C$32.37, for a total value of C$4,333,986.93.
• On Thursday, October 9th, La Mancha Capital Management Gp sold 1,795 shares of Endeavour Mining stock. The shares were sold at an average price of C$32.39, for a total value of C$58,140.05.

Endeavour Mining Stock Down 0.9%

Endeavour Mining stock opened at C$72.41 on Friday. The stock has a market cap of C$17.43 billion, a price-to-earnings ratio of 36.57 and a beta of 0.94. The business has a 50-day simple moving average of C$62.00 and a 200 day simple moving average of C$53.05. Endeavour Mining Corp. has a 52 week low of C$25.07 and a 52 week high of C$74.72.

Endeavour Mining (TSE:EDV) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. The firm 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%. On average, research analysts anticipate that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on EDV. National Bankshares set a C$18.00 price target on shares of Endeavour Mining and gave the stock an “outperform” rating in a research note on Monday, December 8th. Berenberg Bank lifted their price objective on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$38.80.

Key Headlines Impacting Endeavour Mining

Here are the key news stories impacting Endeavour Mining this week:

• Negative Sentiment: Dec. 22 — La Mancha (and related filings) reported selling 156,700 shares at C$73.65 for proceeds of C$11.54M; the filing shows a ~0.44% reduction in that holder’s stake. MarketBeat EDV
• Negative Sentiment: Dec. 23 — filings show 60,900 shares sold at C$73.21 (≈C$4.46M) by La Mancha / related parties and by Yousriya Loza, a further ~0.17% reduction in their positions. MarketBeat EDV
• Negative Sentiment: Dec. 23 — additional 11,903-share disposals reported at C$39.77 (≈C$0.47M) in the same cluster of filings, a small ~0.03% ownership reduction. MarketBeat EDV

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.