Endeavour Mining (TSE:EDV) Upgraded at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Endeavour Mining (TSE:EDV) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the stock. National Bankshares raised their price objective on shares of Endeavour Mining from C$88.00 to C$93.00 and gave the company an “outperform” rating in a research note on Wednesday. Berenberg Bank upped their price target on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Jefferies Financial Group lifted their price objective on Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Endeavour Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus price target of C$76.75.

Endeavour Mining Stock Performance

TSE:EDV opened at C$78.38 on Wednesday. The firm has a market cap of C$18.87 billion, a PE ratio of 39.59 and a beta of 1.04. Endeavour Mining has a fifty-two week low of C$28.19 and a fifty-two week high of C$90.14. The business has a 50 day moving average price of C$72.73 and a 200-day moving average price of C$60.15.

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

Insider Buying and Selling at Endeavour Mining

In related news, insider Martin John White sold 15,565 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total value of C$568,433.80. Following the transaction, the insider directly owned 11,000 shares of the company’s stock, valued at approximately C$401,720. This trade represents a 58.59% decrease in their position. Also, insider La Mancha Capital Management Gp sold 60,900 shares of Endeavour Mining stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$73.21, for a total value of C$4,458,489.00. Following 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 ownership of the stock. Insiders sold 704,074 shares of company stock worth $49,986,913 over the last 90 days. 19.11% of the stock is owned by company 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.