Endeavour Mining (TSE:EDV) Upgraded to Strong-Buy at Cibc Captl Mkts

Endeavour Mining (TSE:EDV) was upgraded by equities researchers at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Berenberg Bank upped their price objective on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. National Bankshares upped their price target on Endeavour Mining from C$88.00 to C$93.00 and gave the company an “outperform” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce upgraded Endeavour Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Jefferies Financial Group boosted their price objective on shares of Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and an average target price of C$76.75.

Endeavour Mining Stock Performance

Shares of EDV stock traded up C$3.73 on Wednesday, hitting C$78.38. 366,578 shares of the stock traded hands, compared to its average volume of 800,991. Endeavour Mining has a twelve month low of C$28.19 and a twelve month high of C$90.14. The firm’s 50-day moving average price is C$72.44 and its two-hundred day moving average price is C$59.89. The stock has a market capitalization of C$18.87 billion, a PE ratio of 39.59 and a beta of 1.04.

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

Insider Buying and Selling at Endeavour Mining

In other Endeavour Mining news, insider La Mancha Investments S.À R.L. sold 156,700 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider owned 35,370,954 shares in the company, valued at C$2,605,070,762.10. The trade was a 0.44% decrease in their ownership of the stock. Also, insider Martin John White sold 15,565 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total value of C$568,433.80. Following the sale, the insider directly owned 11,000 shares in the company, valued at C$401,720. This represents a 58.59% decrease in their position. Over the last 90 days, insiders sold 704,074 shares of company stock worth $49,986,913. 19.11% of the stock is currently owned by corporate insiders.

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.