Endeavour Mining (TSE:EDV) Reaches New 1-Year High – Here’s What Happened

Endeavour Mining Corp. (TSE:EDV) shares reached a new 52-week high on Monday . The stock traded as high as C$85.77 and last traded at C$84.97, with a volume of 523393 shares changing hands. The stock had previously closed at C$81.34.

Analysts Set New Price Targets

A number of research firms recently commented on EDV. National Bankshares set a C$18.00 price objective on Endeavour Mining and gave the company an “outperform” rating in a research report on Monday, December 8th. Jefferies Financial Group upped their price target on shares of Endeavour Mining from C$81.00 to C$92.00 in a research report on Monday, January 19th. Finally, Berenberg Bank raised their price objective on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$58.00.

Endeavour Mining Stock Up 2.7%

The firm has a 50 day moving average price of C$68.96 and a 200 day moving average price of C$57.72. The stock has a market cap of C$20.11 billion, a P/E ratio of 42.20 and a beta of 1.04.

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

Insider Activity

In other Endeavour Mining news, insider Yousriya Loza sold 156,700 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of C$73.65, for a total value of C$11,540,955.00. Following the completion of the sale, the insider owned 35,370,954 shares in the company, valued at approximately C$2,605,070,762.10. This represents a 0.44% decrease in their position. Also, insider La Mancha Capital Management Gp sold 156,700 shares of the firm’s 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 directly owned 35,370,954 shares in the company, valued at approximately C$2,605,070,762.10. This represents a 0.44% decrease in their ownership of the stock. In the last three months, insiders have sold 704,074 shares of company stock valued at $49,986,913. Company 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.