Endeavour Mining (TSE:EDV) Downgraded by Royal Bank Of Canada to “Hold”

Royal Bank Of Canada lowered shares of Endeavour Mining (TSE:EDV) from a moderate buy rating to a hold rating in a research report report published on Friday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. TD lifted their price objective on Endeavour Mining from C$94.00 to C$105.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. National Bank Financial lowered their price target on shares of Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$93.50.

Endeavour Mining Stock Performance

TSE:EDV opened at C$76.53 on Friday. The stock has a 50-day simple moving average of C$71.42 and a two-hundred day simple moving average of C$79.40. The firm has a market capitalization of C$18.45 billion, a PE ratio of 22.51 and a beta of 1.82. Endeavour Mining has a 52-week low of C$44.27 and a 52-week high of C$98.71.

Insider Transactions at Endeavour Mining

In other news, insider Guy Franklin Young sold 20,228 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$49.21, for a total value of C$995,419.88. Following the completion of the transaction, the insider owned 45,022 shares of the company’s stock, valued at C$2,215,532.62. This represents a 31.00% decrease in their ownership of the stock. Also, insider Pascal Bernasconi sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$49.51, for a total value of C$990,200.00. Following the sale, the insider owned 14,168 shares of the company’s stock, valued at C$701,457.68. This represents a 58.53% decrease in their position. 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.