Endeavour Mining (TSE:EDV) Announces Earnings Results

Endeavour Mining (TSE:EDV) posted its quarterly earnings data on Thursday. The company reported C$0.68 EPS for the quarter, FiscalAI reports. 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.

Endeavour Mining Trading Down 1.5%

TSE:EDV opened at C$59.23 on Friday. The stock has a 50-day moving average price of C$57.12 and a 200 day moving average price of C$47.74. The stock has a market capitalization of C$14.26 billion, a P/E ratio of 65.09 and a beta of 1.01. Endeavour Mining has a 12-month low of C$25.07 and a 12-month high of C$67.02.

Endeavour Mining Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 23rd were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 26th. This represents a dividend yield of 116.0%. Endeavour Mining’s dividend payout ratio (DPR) is currently 107.69%.

Insider Buying and Selling

In other news, insider Yousriya Loza sold 253,572 shares of Endeavour Mining stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of C$32.26, for a total transaction of C$8,180,232.72. Following the sale, the insider owned 35,880,400 shares in the company, valued at C$1,157,501,704. This trade represents a 0.70% decrease in their ownership of the stock. Also, insider La Mancha Capital Management Gp sold 253,572 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of C$32.26, for a total transaction of C$8,180,232.72. Following the completion of the transaction, the insider directly owned 35,880,400 shares in the company, valued at C$1,157,501,704. This trade represents a 0.70% decrease in their position. In the last three months, insiders have sold 2,154,654 shares of company stock valued at $79,511,688. Corporate insiders own 19.11% of the company’s stock.

Analysts Set New Price Targets

Separately, National Bankshares increased their target price on shares of Endeavour Mining from C$57.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Endeavour Mining presently has a consensus rating of “Buy” and an average target price of C$40.25.

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.