Insider Selling: Endeavour Mining (TSE:EDV) Insider Sells 60,900 Shares of Stock

Endeavour Mining Corp. (TSE:EDV) insider La Mancha Investments S.À R.L. sold 60,900 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 35,310,054 shares in the company, valued at C$2,585,049,053.34. The trade was a 0.17% decrease in their position.

La Mancha Investments S.À R.L. also recently made the following trade(s):

• On Monday, December 22nd, La Mancha Investments S.À R.L. sold 156,700 shares of Endeavour Mining stock. The stock was sold at an average price of C$73.65, for a total value of C$11,540,955.00.
• On Tuesday, December 23rd, La Mancha Investments S.À R.L. sold 11,903 shares of Endeavour Mining stock. The stock was sold at an average price of C$39.77, for a total value of C$473,382.31.

Endeavour Mining Stock Performance

Shares of TSE EDV traded down C$0.67 during trading on Friday, reaching C$72.41. The stock had a trading volume of 85,479 shares, compared to its average volume of 593,547. The firm’s 50 day moving average price is C$62.00 and its two-hundred day moving average price is C$52.97. Endeavour Mining Corp. has a one year low of C$25.07 and a one year high of C$74.72. The stock has a market cap of C$17.43 billion, a PE ratio of 36.57 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. National Bankshares set a C$18.00 price objective on shares of Endeavour Mining and gave the stock an “outperform” rating in a research note on Monday, December 8th. Berenberg Bank raised their price target on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Two equities research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$38.80.

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.