Endeavour Mining (TSE:EDV) Reaches New 1-Year High Following Analyst Upgrade

Endeavour Mining Corp. (TSE:EDV) reached a new 52-week high on Tuesday after Jefferies Financial Group raised their price target on the stock from C$81.00 to C$92.00. The company traded as high as C$80.20 and last traded at C$80.08, with a volume of 934232 shares trading hands. The stock had previously closed at C$76.38.

Several other analysts have also commented on the company. Berenberg Bank raised their target price on 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 investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$58.00.

Insiders Place Their Bets

In other news, insider Yousriya Loza sold 156,700 shares of Endeavour Mining 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 C$2,605,070,762.10. This trade represents a 0.44% decrease in their ownership of the stock. Also, insider Martin John White sold 15,565 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total transaction of C$568,433.80. Following the sale, the insider directly owned 11,000 shares of the company’s stock, valued at C$401,720. This represents a 58.59% decrease in their position. Over the last ninety days, insiders have sold 704,074 shares of company stock worth $49,986,913. Company insiders own 19.11% of the company’s stock.

Endeavour Mining Price Performance

The firm has a market cap of C$19.27 billion, a price-to-earnings ratio of 40.44 and a beta of 1.04. The business has a fifty day simple moving average of C$67.74 and a 200 day simple moving average of C$56.90.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 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%.The firm had revenue of C$1.27 billion for the quarter. On average, research analysts anticipate that Endeavour Mining Corp. will post 4.4476987 earnings per share 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.