Berenberg Bank Issues Positive Forecast for Endeavour Mining (TSE:EDV) Stock Price

Endeavour Mining (TSE:EDV) had its target price raised by research analysts at Berenberg Bank from C$79.00 to C$85.00 in a research note issued on Wednesday,BayStreet.CA reports. Berenberg Bank’s target price indicates a potential upside of 24.69% from the stock’s previous close.

Separately, National Bankshares set a C$18.00 price objective on Endeavour Mining and gave the stock an “outperform” rating in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$38.80.

Endeavour Mining Stock Performance

EDV stock traded up C$1.17 during trading on Wednesday, hitting C$68.17. 661,426 shares of the company’s stock traded hands, compared to its average volume of 590,034. Endeavour Mining has a 52 week low of C$25.07 and a 52 week high of C$69.51. The business has a fifty day simple moving average of C$60.43 and a 200 day simple moving average of C$51.52. The stock has a market capitalization of C$16.41 billion, a price-to-earnings ratio of 34.43 and a beta of 0.94.

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

Insiders Place Their Bets

In other Endeavour Mining news, insider La Mancha Investments S.Ï¿½ R.L. sold 215,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of C$32.87, for a total transaction of C$7,067,050.00. Following the completion of the transaction, the insider owned 35,527,654 shares in the company, valued at C$1,167,793,986.98. The trade was a 0.60% decrease in their ownership of the stock. Also, insider Yousriya Loza sold 215,000 shares of the company’s stock in a transaction that occurred on 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 position. Insiders sold a total of 2,154,654 shares of company stock valued at $79,511,688 over the last 90 days. Insiders own 19.11% of the company’s stock.

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.