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

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

Several other research firms have also commented on EDV. Jefferies Financial Group lifted their price target on shares of Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. Berenberg Bank raised their target price on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Finally, National Bankshares lifted their target price on Endeavour Mining from C$88.00 to C$93.00 and gave the company an “outperform” rating in a research note on Wednesday. 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.com, the stock presently has an average rating of “Buy” and a consensus target price of C$76.75.

Endeavour Mining Trading Up 0.2%

Shares of EDV opened at C$78.81 on Wednesday. Endeavour Mining has a 52 week low of C$28.19 and a 52 week high of C$90.14. The firm has a market cap of C$18.97 billion, a price-to-earnings ratio of 39.80 and a beta of 1.04. The stock has a 50 day moving average of C$72.25 and a 200-day moving average of C$59.79.

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

Insider Activity

In other news, insider La Mancha Capital Management Gp sold 60,900 shares of Endeavour Mining stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the sale, the insider owned 35,310,054 shares of the company’s stock, valued at approximately C$2,585,049,053.34. The trade was a 0.17% decrease in their ownership of the stock. Also, insider Yousriya Loza sold 60,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total value of C$4,458,489.00. Following the transaction, the insider owned 35,310,054 shares of the company’s stock, valued at approximately C$2,585,049,053.34. This represents a 0.17% decrease in their ownership of the stock. In the last quarter, insiders have sold 704,074 shares of company stock valued at $49,986,913. 19.11% of the stock is owned by company 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.