Endeavour Mining (TSE:EDV) Shares Down 6.5% – Here’s Why

Endeavour Mining Corp. (TSE:EDV)’s stock price was down 6.5% during trading on Friday . The stock traded as low as C$72.48 and last traded at C$72.55. 313,919 shares changed hands during trading, a decline of 42% from the average daily volume of 543,841 shares. The stock had previously closed at C$77.61.

Analyst Upgrades and Downgrades

Several research analysts have commented on EDV shares. Berenberg Bank raised their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. National Bankshares set a C$18.00 price objective on Endeavour Mining and gave the stock an “outperform” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$46.50.

Endeavour Mining Stock Performance

The stock’s 50 day simple moving average is C$64.86 and its 200 day simple moving average is C$55.12. The firm has a market cap of C$17.45 billion, a PE ratio of 36.62 and a beta of 1.04.

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

Insider Transactions at Endeavour Mining

In other news, insider La Mancha Investments S.À R.L. sold 156,700 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of C$73.65, for a total transaction of C$11,540,955.00. Following the transaction, the insider directly 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 position. Also, insider Yousriya Loza sold 215,000 shares of the firm’s 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 transaction, the insider directly owned 35,527,654 shares in the company, valued at approximately C$1,167,793,986.98. This represents a 0.60% decrease in their ownership of the stock. In the last three months, insiders sold 1,349,074 shares of company stock worth $71,188,063. Company 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.