Endeavour Mining Corp. (TSE:EDV) Receives Average Rating of “Buy” from Brokerages

Endeavour Mining Corp. (TSE:EDV) has been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$46.50.

Several analysts have issued reports on EDV shares. National Bankshares set a C$18.00 price target on Endeavour Mining and gave the company an “outperform” rating in a research note on Monday, December 8th. Berenberg Bank lifted their price target on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th.

Insider Activity at Endeavour Mining

In other news, insider La Mancha Capital Management Gp sold 60,900 shares of Endeavour Mining stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the sale, the insider directly owned 35,310,054 shares of the company’s stock, valued at approximately C$2,585,049,053.34. This trade represents a 0.17% decrease in their ownership of the stock. Also, insider La Mancha Investments S.À R.L. sold 60,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the completion of the transaction, the insider owned 35,310,054 shares in the company, valued at C$2,585,049,053.34. This trade represents a 0.17% decrease in their position. Over the last three months, insiders have sold 704,074 shares of company stock worth $49,986,913. Corporate insiders own 19.11% of the company’s stock.

Endeavour Mining Trading Down 0.2%

TSE EDV opened at C$74.67 on Friday. Endeavour Mining has a 1 year low of C$26.73 and a 1 year high of C$79.84. The stock’s 50-day moving average price is C$66.90 and its two-hundred day moving average price is C$56.29. The company has a market cap of C$17.97 billion, a PE ratio of 37.71 and a beta of 1.04.

Endeavour Mining (TSE:EDV) last released its earnings results on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. The company had revenue of C$1.27 billion during the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%. Research analysts forecast that Endeavour Mining will post 4.4476987 EPS for the current fiscal year.

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.