Endeavour Mining (TSE:EDV) Hits New 12-Month High Following Analyst Upgrade

Endeavour Mining Corp. (TSE:EDV) reached a new 52-week high during mid-day trading on Tuesday after Jefferies Financial Group raised their price target on the stock from C$81.00 to C$92.00. The stock traded as high as C$80.20 and last traded at C$80.08, with a volume of 934232 shares trading hands. The stock had previously closed at C$76.38.

Other equities research analysts have also recently issued reports about the company. National Bankshares set a C$18.00 price target on Endeavour Mining and gave the company an “outperform” rating in a research report on Monday, December 8th. Berenberg Bank upped their price objective on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Two research 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$58.00.

Insiders Place Their Bets

In other news, insider La Mancha Investments S.À R.L. sold 60,900 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the sale, the insider directly owned 35,310,054 shares of the company’s stock, valued at 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 firm’s stock in a transaction 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 completion of the transaction, the insider owned 35,310,054 shares of the company’s stock, valued at C$2,585,049,053.34. This trade represents a 0.17% decrease in their position. Insiders sold a total of 704,074 shares of company stock worth $49,986,913 in the last three months. Insiders own 19.11% of the company’s stock.

Endeavour Mining Price Performance

The firm has a fifty day moving average of C$67.27 and a 200 day moving average of C$56.64. The stock has a market cap of C$19.27 billion, a price-to-earnings ratio of 40.44 and a beta of 1.04.

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

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.